Sport Clubs sets IPO price range
Institutional subscriptions opened yesterday
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Institutional subscriptions opened yesterday
Final allocations are due next week
The move is part of the company’s strategy to triple its AUM by 2030
This implies a total offering size of SAR 1.9 bn
Tadawul’s benchmark index TASI shed roughly 4.8% on the month
It could have been due to an overvalued price, one expert suggested
The institutional tranche of the offering was 100x oversubscribed
Each retail investor is set to receive a minimum allocation of 6 shares
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