Middle East Healthcare Co.’s (MEAHCO) initial public offering (IPO) was 68.7 percent covered by the end of the sixth day, according to Samba Capital, the offering underwriter and lead manager.
A total of 223,300 retail investors invested SAR 364.2 million in purchasing 5.69 million shares.
On Thursday, the company kicked off the IPO, offering up to 8.28 million shares, or 30 percent of floated shares, to retail investors at SAR 64 per share, according to data compiled by Argaam.
The offering will end today, and will later extend to institutional investors who have been allocated 70 percent of floated shares.
MEAHCO is offering a total of 27.61 million shares, or 30 percent of its capital. The healthcare company is holding the first IPO on Tadawul this year.
|
MEACHO IPO |
|||
|
Day |
Coverage |
*Subscribers (thousand) |
*Funds raised (SAR mln) |
|
March 08, 2016 |
68.7% |
223.3 |
364.2 |
|
March 07, 2016 |
41.5% |
141.5 |
219.8 |
|
March 06, 2016 |
23.3% |
92.4 |
123.3 |
*Accumulative
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