Logo of Riyadh Cables Group Co.
The retail subscription to shares of Riyadh Cables Group Co. was 671.55% oversubscribed, said Riyad Capital, the lead manager, financial advisor and underwriter on the initial public offering (IPO).
Each retail investor will receive a minimum of eight shares, while the remainder will be allocated on a pro-rata basis, based on the demand of every subscriber to total shares.
|
Details of Retail IPO |
|
|
No. of retail subscribers |
382,342 |
|
Number of shares offered to retail subscribers |
3.3 mln |
|
Offer price |
SAR 43/share |
|
Retail coverage |
671.5% |
|
Total value of retail applications |
SAR 952.9 mln |
|
Allocation |
8 shares (minimum)/individual |
|
Allocation of remaining shares |
Pro-rata at 1.26% |
The subscription period for retail investors ran from Nov. 21-22. It comprised 3.3 million shares, representing 10% of the total offering, at a final offer price of SAR 43 per share.
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}