Logo of MBC Group
MBC Holding Group Ltd.’s retail IPO was successfully completed, according to a filing with Tadawul.
A minimum of nine shares were allocated per individual subscriber, and the remaining shares were distributed pro rata, an allocation factor of 0.1623%.
The announcement was made by HSBC Saudi Arabia, the IPO lead manager and financial advisor, as well as J.P. Morgan Saudi Arabia and SNB Capital, the financial advisors, bookrunners, and underwriters.
As for the sum of the remaining shares, each investor received an additional allocation of one share in descending order, starting with the highest demand, until such shares totally ran out, the statement added.
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IPO Highlights |
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No. of retail subscribers |
359,460 |
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No. of offer shares |
3.325 mln |
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Offer price |
SAR 13.50/share |
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Retail offering coverage ratio |
17.6x |
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Total value of orders |
SAR 1.46 bln |
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Allocation |
9 share minimum per subscriber |
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Allocation of remaining shares |
On a pro rata basis at 0.1623% |
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