Economy
Saudi Ladun IPO oversubscribed 20 times, priced at $4.8 per share
Follow-ups -eshrag News:
Mon, 2022-05-30 16:55
RIYADH: The initial public offering of Ladun Investment Co. has been priced at SR18 ($4.8) per share after the offering was oversubscribed by 20.97 times.
Yaqeen Capital, the financial advisor and lead manager for the offering, will determine the date of the company’s listing on the parallel market, Nomu, it said in a bourse filing.
Based in Riyadh, Ladun is part of the Offices of Real Estate Agents and Brokers Industry.
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Saudi construction firm Ladun offers 10% stake in IPO on NomuSaudi Ladun to start IPO bidding late May in preparation for listing
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