United Carton Industries’ IPO sees muted debut on Tadawul
It could have been due to an overvalued price, one expert suggested
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It could have been due to an overvalued price, one expert suggested
The pricing would give it a market cap of SAR 4.2 bn at listing
The selling shareholders stands to rake in SAR 16 mn in proceeds
The IPO price will be made public on Tuesday, 3 June
The firm priced the offering at SAR 27 a pop
The subscription period will run from 22-26 June
The institutional tranche of the offering was 100x oversubscribed
The final pricing implies a market cap of SAR 408.5 mn at listing
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