Logo of United International Holding Co.
United International Holding Co. set the final offer price for its for the initial public offering (IPO) on the Saudi Exchange (Tadawul) at SAR 132 per share, said HSBC Saudi Arabia, financial advisor, lead manager, book runner and underwriter.
In a statement to Tadawul, HSBC Saudi Arabia said the book-building process for the participating parties tranche was complete, with a coverage level of approximately 132x of the total offer shares.
The total value of the orders during the book-building process amounted to SAR 131 billion.
The retail subscription period will begin on Nov. 19 and will run until Nov. 20, 2024. A total of 750,000 shares, representing 10% of the total shares offered in the IPO, will be allocated to retail investors.
United International, a subsidiary of United Electronics Co. (eXtra), manages associates and implements investment partnerships in real estate and securities, according to data available with Argaam.
The company recently issued its prospectus for offering 7.5 million shares, or 30% of its capital, on the Main Market (TASI).
The book-building process for institutional investors began on Oct. 28 and ran until Nov. 4.
In June, the Capital Market Authority (CMA) approved the company's application to float its shares on TASI.
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}