Almoosa Health Co. announced setting the final price for the initial public offering (IPO) on the Main Market (TASI) at SAR 127 per share, the top end of the offer price range.
The book building process resulted in total orders of SAR 173 billion, while the order book was 103x oversubscribed.
The final offer price implies a total offering size of SAR 1.68 billion with a market capitalization of about SAR 5.63 billion upon listing, making Almoosa Health IPO the second-largest public offering in the Saudi capital market to date.
Almoosa Health plans to float 13.29 million shares, representing 30% of post-IPO capital (37.97% of pre-IPO capital), on TASI at a nominal value of SAR 10 apiece, Argaam earlier reported.
The retail offering will run from Dec. 23 until Dec. 24.
A maximum of 2.66 million shares, or 20% of the offer shares, will be allocated to retail investors.
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