Tadawul IPO 442.53% oversubscribed to reach $1.3bn

  • 12/6/2021
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The stock exchange group was offering 10.8 million shares to individual investors RIYADH: Shares of Tadawul group will begin trading on the main market on Wednesday, Dec. 8. The stock will have a ± 30 percent daily price fluctuation limit and ± 10 percent static price fluctuation limit, according to the company’s filing. The individual subscribers tranche of Tadawul’s initial public offering was 442.53 percent oversubscribed with a total demand of SR5.02 billion ($1.3 billion). The stock exchange group was offering 10.8 million shares to individual investors, or 30 percent of the total offer shares at a final price of SR105. Around 598,327 subscribers participated in the period, which started on Nov. 30.

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