Saudi Ground Services Co.’s (SGS) initial public offering (IPO) was 172.2 percent oversubscribed, as retail investors bought 38.84 million shares by the sixth day, according to HSBC, the underwriter and manager of the offering.

 

As many as 1.26 million subscribers were accounted for by end-of-day Monday, while SAR 1.94 billion was invested into shares at SAR 50 each.

 

The first phase for retail investors began on June 3, and ends today. SGS allocated 22.56 million shares to retail investors. The remaining 60 percent of shares will be available to institutional investors and funds. 

 

The aviation ground handler is offering 30 percent of the company’s total shares, or 56.4 million shares.

 

When completed, SGS will mark Tadawul’s third listing this year.

 

SGS IPO

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request