Retal’s IPO 62.7x covered, final offer price set at SAR 120/share

05/06/2022 Argaam
Logo ofRetal Urban Development Co.

Logo of Retal Urban Development Co.

SNB Capital, as the financial advisor, bookrunner, lead manager, and underwriter on the initial public offering (IPO) of Retal Urban Development, announced the successful completion of the book-building process for the participating parties’ tranche for the company’s shares.

 

According to a bourse filing, the final offer price was set at SAR 120 per share with a coverage ratio of 62.7 times of the total offer shares.

 

According to data compiled by Argaam, the company offered 12 million shares, representing 30% of capital, on the Saudi Exchange (Tadawul).

 

The individual investors’ tranche subscription process for 10% of the total offer shares will commence today, June 5.

 

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