{"id":84633,"date":"2025-02-20T00:00:00","date_gmt":"2025-02-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/02\/20\/omans-asyad-shipping-sets-price-range-secures-anchor-investors-for-ipo\/"},"modified":"2025-02-20T00:00:00","modified_gmt":"2025-02-20T00:00:00","slug":"omans-asyad-shipping-sets-price-range-secures-anchor-investors-for-ipo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/02\/20\/omans-asyad-shipping-sets-price-range-secures-anchor-investors-for-ipo\/","title":{"rendered":"Oman\u2019s Asyad Shipping sets price range + secures anchor investors for IPO"},"content":{"rendered":"

Asyad Shipping \u2014 the LNG transport unit of Omani state-backed logistics giant Asyad <\/strong>group \u2014 has set <\/strong>a price range<\/a><\/strong> of <\/strong>OMR <\/strong>0.117-0.123 per share for its upcoming IPO,<\/strong> Reuters<\/a> reports citing a statement by the company. At the top of the range, Asyad Shipping could raise as much as USD 332.5 mn in IPO proceeds, giving it a market cap of up to USD 1.66 bn upon listing on the Muscat Stock Exchange. <\/p>\n

Big backers on board:<\/strong> The Qatar Investment Authority\u2019s Falcon Investments and Omani state-owned Mars Development will act as anchor investors, subscribing to 20% and 10% of the offering, respectively, at OMR 0.123 per share \u2014 which is the upper end of the range.<\/p>\n

What\u2019s next? <\/strong>Subscription is due to open today, and will run until Wednesday, 27 February, with trading scheduled to begin around Wednesday, 12 March. <\/p>\n

REMEMBER- <\/strong>Asyad Shipping is taking a 20% stake<\/a> \u2014 that is just north of 1 bn company shares \u2014 to market in a two-tranche secondary offering led by its sole owner, the Oman Investment Authority-backed Asyad Group. The move falls under a broader government privatization push, which includes the sale of an additional 30 Omani state-backed assets, including power utility firm Oman Electricity Transmission.<\/p>\n

ADVISORS- <\/strong>EFG Hermes was appointed global coordinator, along with JPMorgan Chase, Jefferies Financial Group, and Oman Investment Bank, back in July 2024. Sohar International Bank was tapped as the issue manager, while Credit Agricole and Societe Generale will serve as joint bookrunners.<\/p>\n","protected":false},"excerpt":{"rendered":"

At the top of the range, the company could raise as much as USD 332.5 mn in IPO proceeds<\/p>\n","protected":false},"author":1,"featured_media":84634,"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":[229],"tags":[352,228,142],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-84633","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-asyad","tag-ipo-watch","tag-oman","wpautop","entry"],"acf":{"mongo_id":"97068f3f-62eb-46c7-94c3-3d0ffc991edb","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/585.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Oman\u2019s Asyad Shipping sets price range + secures anchor investors for IPO","related_issue":[84628],"teaser":"At the top of the range, the company could raise as much as USD 332.5 mn in IPO proceeds","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.3d7cd6cf-99f7-468a-8c6e-4533f930829f.mp3"},"yoast_head":"\nOman\u2019s Asyad Shipping sets price range + secures anchor investors for IPO - 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