{"id":84925,"date":"2025-03-05T00:00:00","date_gmt":"2025-03-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/03\/05\/omans-asyad-shipping-ipo-raises-usd-332-8-mn\/"},"modified":"2025-03-05T00:00:00","modified_gmt":"2025-03-05T00:00:00","slug":"omans-asyad-shipping-ipo-raises-usd-332-8-mn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/03\/05\/omans-asyad-shipping-ipo-raises-usd-332-8-mn\/","title":{"rendered":"Oman\u2019s Asyad Shipping IPO raises USD 332.8 mn"},"content":{"rendered":"

<\/strong>Asyad Shipping wraps IPO: <\/strong>Asyad Shipping \u2014 the LNG transport unit of Omani state-backed logistics giant Asyad Group \u2014 has raised USD 332.8 mn in an IPO that saw the offering of 20% of the company\u2019s shares at the top of its indicative price range, Reuters<\/a> reports, citing a company statement it has seen. The company is now set to have a market capitalization of roughly USD 1.66 bn. <\/p>\n

Bingo: <\/strong>The listing was reportedly expected to raise<\/a> as much as USD 332.5 and a USD 1.66 bn market capitalization by issuing over 1 bn company shares.<\/p>\n

What\u2019s next?<\/strong> Asyad Group\u2019s newly-minted stocks are expected to debut on the Muscat Stock Exchange under the symbol \u201cASCO\u201d around 12 March. <\/p>\n

REMEMBER- <\/strong>The LNG transport unit set a price range of OMR 0.117-0.123 per share<\/a> for its IPO back in February. The Qatar Investment Authority\u2019s Falcon Investments and Omani state-owned Mars Development reportedly acted as anchor investors<\/a>, subscribing to 20% and 10% of the offering, respectively, at OMR 0.123 per share. Subscriptions took place between 20 and 27 February<\/a>. <\/p>\n

Part of Oman\u2019s IPO push: <\/strong>This move by Asyad Group is in line with the government\u2019s push toward privatization, 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 served as joint bookrunners.<\/p>\n","protected":false},"excerpt":{"rendered":"

The group\u2019s newly-minted stocks are expected to debut on the Muscat Stock Exchange around 12 March<\/p>\n","protected":false},"author":1,"featured_media":84926,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","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":[352,228,227,142,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-84925","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-asyad","tag-ipo-watch","tag-lng","tag-oman","tag-shipping-maritime","wpautop","entry"],"acf":{"mongo_id":"6a9e22cc-e9ff-4a5e-b945-e52d8ffd3169","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/2078.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Oman\u2019s Asyad Shipping IPO raises USD 332.8 mn","related_issue":[84920],"teaser":"The group\u2019s newly-minted stocks are expected to debut on the Muscat Stock Exchange around 12 March","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.c6e4a7b6-b889-4e53-8b80-4e463796960a.mp3"},"yoast_head":"\nOman\u2019s Asyad Shipping IPO raises USD 332.8 mn - 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