Alandalus Property’s initial public offering (IPO) was 237.76 percent covered till Monday, according to Riyad Capital, the underwriter and manager of the offering.
So far, as many as 633,100 retail investors have spent SAR 359.5 million to buy 20 million shares.
On Thursday, the company kicked off its IPO for retail investors where they can buy up to 8.4 million shares for SAR 18 each.
The retail offering will end on Wednesday.
|
Alandalus IPO |
|||
|
*funds raised (SAR mln) |
*Subscribers (thousand) |
Coverage (%) |
Day |
|
68.2 |
112 |
45.0% |
December 17 |
|
90.1 |
158 |
59.6% |
December 18 |
|
135.4 |
253 |
89.6% |
December 19 |
|
245.8 |
436 |
162.5% |
December 20 |
|
359.5 |
633 |
237.8% |
December 21 |
*Accumulative
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