Saudi Ground Services Co. (SGS) is expected to set the price for its initial public offering (IPO) between SAR 40 and SAR 50 per share, sources at HSBC Saudi Arabia, the lead manager and financial advisor in the offering, have told Argaam.
The book-building process, which determines the final offering price, started on Wednesday and will end on Tuesday, May 26.
The offering will run from June 3 to June 9. Argaam reported earlier this month on the company’s plan to sell 30 percent of its capital in the offering, or 56.4 million shares.
Once the IPO is completed, SGS will mark the third listing on Tadawul this year.
|
SGS’s IPO price ratios based on 2014 results |
|||
|
50 |
45 |
40 |
Suggested IPO price |
|
3.9 |
3.5 |
3.1 |
Price to Sales Ratio (P/S) times |
|
14.5 |
13.1 |
11.6 |
Price to Operating Profit Ratio (P/OP) times |
|
14.3 |
12.9 |
11.4 |
Price to Earnings Ratio (P/E) times |
|
3.8 |
3.4 |
3.0 |
Price to Book Value Ratio (P/BV) times |
|
2,820 |
2,538 |
2,256 |
Projected IPO value |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}