Lana Medical’s IPO price set at SAR 25-31 per share

09/11/2023 Argaam

Lana Medical’s IPO price set at SAR 25-31 per share

Logo of Lana Medical Co.

Yaqeen Capital Co., the financial advisor and lead manager of the potential offering of Lana Medical Co., announced that the price range for the qualified investors' book-building has been set at SAR  25-31 per share. 

 

The book-building and subscription period is scheduled to start on Sunday, Nov. 12, 2023, and conclude on Thursday, Nov. 16, 2023, Yaqeen Capital said in a statement to Tadawul. 

 

According to data available on Argaam, Lana Medical plans to offer 720,000 shares, or 20% of its capital of SAR 36 million after the offering, divided into 3.6 million shares.

 

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