MC4 final offer price set at SAR 5.30/share

26/09/2024 Argaam
Logo ofFourth Milling Co. (MC4)

Logo of Fourth Milling Co. (MC4)

Riyad Capital, the financial advisor, bookrunner, and underwriter on the initial public offering (IPO) of Fourth Milling Co. (MC4), announced completing the book-building process for participating parties.

 

Accordingly, the final offer price was set at SAR 5.30 per share, which is the upper limit for the previously announced price range.

 

For More IPOs

 

The iInstitutional offering was 119x covered, Riyad Capital added.

 

Meanwhile, the retail offering will run from Oct. 2-3, according to data available to Argaam.

 

Nearly 32.4 million shares, or 20% maximum of shares on offer, will be allocated to individuals.

 

The company announced, on Sept. 15, setting the price range for its offering between SAR 5-5.3 per share.

 

The book-building process for institutional investors ran between Sept. 15-19.

 

MC4 earlier floated 162 million shares, or 30% of its share capital, on the Main Market (TASI).

 

MC4 issues prospectus to offer 162M shares on TASI

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
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.