Monday 24 January 2022

STG sets IPO final offer price at SR105 per share

RIYADH, November 29, 2021

Saudi Tadawul Group Holding Company (STG) said that the final offer price for its initial public offering (IPO) has been set at SR105 ($28) per share, implying a market capitalization on the listing date of SR12.6 billion ($3.36 billion).

The IPO order book was 121 times oversubscribed with the book-building process generating an order book of SR458 billion.

The individual investor subscription period is scheduled to commence on November 30 and ends on 2 December 2.

On November 3, 2021, the Capital Market Authority (CMA) approved the company’s application for registration of its shares and offering of 36,000,000 ordinary shares, representing 30% of STG’s capital, by way of a sale of shares by the sole shareholder, the Public Investment Fund. – TradeArabia News Service


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