Perfect Presentation sets IPO price range at SAR 165-185/share, starts book-building process

  • 2P(0.43%)
18/10/2022 Argaam
Logo ofPerfect Presentation for Commercial Services Co. (2P)

Logo of Perfect Presentation for Commercial Services Co. (2P)

Perfect Presentation for Commercial Services Co. (2P) set the initial public offering (IPO) price range at SAR 165-185 per share, according to Saudi Fransi Capital, the lead manager of the company’s share sale.  

 

The book-building process for institutional investors starts today, Oct. 18 until Oct. 24, Saudi Fransi Capital added in a statement received by Argaam.

 

Perfect Presentation plans to offer 4.5 million shares, or 30% of its capital, divided into SAR 15 million shares.

 

The retail offering will run for one day only on Nov. 1. The company will offer 450,000 shares, or 10% of the total offer shares, to individual investors.

 

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