{"id":102641,"date":"2025-11-20T00:00:00","date_gmt":"2025-11-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/11\/20\/cherry-tradings-retail-offering-sees-strong-demand\/"},"modified":"2025-11-20T00:00:00","modified_gmt":"2025-11-20T00:00:00","slug":"cherry-tradings-retail-offering-sees-strong-demand","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/11\/20\/cherry-tradings-retail-offering-sees-strong-demand\/","title":{"rendered":"Cherry Trading\u2019s retail offering sees strong demand"},"content":{"rendered":"

Cherry Trading\u2019s retail offering was 647% covered<\/strong>, booking orders of SAR 326 mn, Argaam<\/a> reported, citing a statement from lead managers BSF Capital and EFG Hermes KSA. The retail subscription received interest from over 81k subscribers in 1.8 mn shares. Each retail subscriber will receive a minimum of ten shares, while the remaining shares will be distributed on a pro rata basis at an average rate of 9.1%.<\/p>\n

REFRESHER-<\/strong> The car rental company is floating a 30% stake \u2014 good for 9 mn shares \u2014 on Tadawul\u2019s main market. Cherry Trading priced its shares at SAR 28 each<\/a> after its institutional offering was nearly 85.6x covered. Shares allocated to institutional investors were scaled back to 7.2 mn or 80% of the total offered shares, following the strong demand from retail.<\/p>\n

ADVISORS- <\/strong>Our friends at EFG Hermes KSA, along with BSF Capital, are quarterbacking the transaction as the financial advisors, bookrunners, and underwriters. Other advisors include Stat Law Firm, Zeyad Sameer Khoshaim Law Firm, PwC, Euromonitor International, and KPMG.<\/p>\n

Receiving agents include <\/strong>Alinma Investment, Al Rajhi Capital, SNB Capital, Riyad Capital, Al Bilad Investment, Al Jazira Capital, Alistithmar Capital, Derayah Financial, ANB Capital, Yaqeen Capital, Al Khabeer Capital, Sab Invest, Saham Capital, GIB Capital, Musharaka Capital, and Awaed Alosool Capital.<\/p>\n","protected":false},"excerpt":{"rendered":"

The offering received interest from over 81k subscribers in 1.8 mn shares.<\/p>\n","protected":false},"author":1,"featured_media":102642,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2542],"tags":[4481,10,29],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-102641","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-cherry-trading","tag-enterpriseam-ksa","tag-ipo-watch","wpautop","entry"],"acf":{"mongo_id":"8a5c6e6a-28ea-4d84-982f-6b18921d51e1","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/8\/1317.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Cherry Trading\u2019s retail offering 6.5x oversubscribed","related_issue":[102630],"teaser":"The offering received interest from over 81k subscribers in 1.8 mn shares.","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.73715bb6-f62d-4997-9b2a-cfa737c291c3.mp3"},"yoast_head":"\nCherry Trading\u2019s retail offering sees strong demand - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2025\/11\/20\/cherry-tradings-retail-offering-sees-strong-demand\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cherry Trading\u2019s retail offering sees strong demand\" \/>\n<meta property=\"og:description\" content=\"The offering received interest from over 81k subscribers in 1.8 mn shares.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2025\/11\/20\/cherry-tradings-retail-offering-sees-strong-demand\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-20T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/1317.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/11\/20\/cherry-tradings-retail-offering-sees-strong-demand\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/11\/20\/cherry-tradings-retail-offering-sees-strong-demand\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Cherry Trading\u2019s retail offering sees strong demand\",\"datePublished\":\"2025-11-20T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/11\/20\/cherry-tradings-retail-offering-sees-strong-demand\/\"},\"wordCount\":208,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/11\/20\/cherry-tradings-retail-offering-sees-strong-demand\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/1317.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Cherry Trading\",\"EnterpriseAM KSA\",\"IPO watch\"],\"articleSection\":[\"IPO WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/11\/20\/cherry-tradings-retail-offering-sees-strong-demand\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2025\/11\/20\/cherry-tradings-retail-offering-sees-strong-demand\/\",\"name\":\"Cherry Trading\u2019s retail offering sees strong demand - 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