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Saudi Arabia’s low-cost carrier flynas allocated a minimum of 10 shares per retail subscriber in its initial public offering (IPO).
The remaining shares were allocated pro rata, at an allocation factor of 12.3%.
The retail offering was 350% oversubscribed.
Retail investors started on May 28 subscribing to10.25 million shares, or 20% of the total shares on offer.
Logo offlynas
Saudi Arabia’s low-cost carrier flynas allocated a minimum of 10 shares per retail subscriber in its initial public offering (IPO).
The remaining shares were allocated pro rata, at an allocation factor of 12.3%.
The retail offering was 350% oversubscribed.
Retail investors started on May 28 subscribing to10.25 million shares, or 20% of the total shares on offer.
