Almasar Education wraps up Tadawul IPO, with retail portion 1.2x oversubscribed
The company is set for a SAR 2 bn market cap at listing.
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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.
Books open on 3 December and run until 9 December
The institutional offering closed 61.6x oversubscribed
SNB Capital is quarterbacking the transaction
The institutional tranche of the offering closed 102.9x oversubscribed with orders totaling SAR 61.6 bn
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