Logo of First Mills
First Milling Co. (First Mills) closed its retail offering, SNB Capital, the financial advisor, bookrunner, lead manager and underwriter on the company’s initial public offering (IPO), said in a statement to Tadawul.
Four shares minimum were allocated per individual subscriber. The remaining shares will be allocated pro rata, with an allocation factor of 2.1552%.
|
IPO Highlights |
|
|
No. of offered shares |
1.665 mln |
|
No. of retail subscribers |
334,020 |
|
Offering price |
SAR 60/share |
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Retail offering coverage ratio |
996.90% |
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Total value of orders |
SAR 995.9 mln |
|
Allocation |
Four shares minimum per subscriber |
|
Allocation of remaining shares |
On a pro rata basis at 2.1552% |
The surplus refunds will be paid no later than June 19, 2023.
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