Subscription for Leejam Sports Co.’s initial public offering (IPO) will start on Wednesday August 01, 2018 for seven days ending on Tuesday August 07, 2018.
Saudi Arabia’s Capital Market Authority (CMA) has already approved on June 06, 2018 the flotation of a 30 percent shareholding (15.72 million shares) of Leejam. Part of the shares will be allocated to institutional investors.
The below table shows schedule details of the IPO:
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IPO Schedule |
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Offering Period |
Seven days starting from Wednesday, August 1, 2018, until the end of Tuesday, August 7, 2018 |
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Bidding and book building period |
Nine days starting from Monday, July 16, 2018, until the end of Tuesday, July 24, 2018 |
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Deadline for submission of Subscription Application Forms (Institutions) |
Sunday, July 29, 2018 |
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Deadline for payment of the subscription monies (Institutions) |
Sunday, August 5, 2018 |
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Deadline for submission of Subscription Application Forms (Individual Investors) |
Tuesday, August 7, 2018 |
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Final Offer Shares allotment |
Tuesday, August 14, 2018 |
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Refund of excess subscription monies (if any) |
Tuesday, August 14, 2018 |
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Expected trading commencement date |
After completing of all the relevant legal requirements and procedures |
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