CGS wraps up Tadawul IPO, with retail portion undersubscribed
Final allocations are due tomorrow
Available in your choice of English or Arabic
Final allocations are due tomorrow
At the top of the range, the IPO could raise some SAR 336 mn in proceeds, implying a SAR 1.12…
This is the smallest IPO on the main market so far this year.
The institutional bookbuilding period will run 1-7 December.
The company is set for a SAR 2 bn market cap at listing.
The final offer price implies a market cap of SAR 80.5 mn at listing.
Book-building for institutional investors runs until Thursday, 27 November
The offering received interest from over 81k subscribers in 1.8 mn shares.
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