SGS begins book building process ahead of June 3 IPO

20/05/2015 Argaam

Saudi Ground Services Co. (SGS) has launched its book building process on Wednesday to determine its initial public offering (IPO) price, Asharq Al-Awsat newspaper has reported, citing HSBC Saudi Arabia, the financial advisor and underwriter of the offering.

 

The process will last for seven days till the coming Tuesday, May 26, followed by the IPO which will be held June 3 to June 9.

 

Argaam reported earlier this month on the company’s plans to sell 30 percent of its capital in the offering, or 56.4 million shares.

 

IPO

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