East Pipes Integrated gets CMA nod to float 30% stake in IPO

29/09/2021 Argaam

Logo of the Capital Market Authority (CMA)

The Capital Market Authority (CMA) approved a request by East Pipes Integrated Company for Industry to float 6.3 million shares, or 30% of its share capital, in an initial public offering (IPO).

 

The offering will be limited to qualified investors, who should conduct their own due diligence on the information disclosed in the company’s prospectus, the market regulator said in a statement today, Sept. 29.

 

The approval on the offering is valid for six months as of today, Sept. 29, and will be cancelled if the offering and listing of the company's shares are not completed within this period.

 

For More IPOs

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read