Retail component of Emerald Real Estate Investment IPO 17.7x oversubscribed

IPO WATCH- Emerald’s IPO retail component 17.7x oversubscribed: Retail investors have put in orders for 61.9 mn shares for Emerald Real Estate’s public offering on the final day of subscription yesterday, leaving the retail component 17.7x oversubscribed, reports Al Mal. The company had allocated 3.5 mn shares for the retail offering. The institutional component was, meanwhile, 1.3x oversubscribed, with orders placed for 89.1 mn shares from a total of 66.5 mn on sale. The Financial Regulatory Authority has published the prospectus (pdf) for the potential 28% sale.