Almasar Alshamil Education Co. debuts on TASI today at SAR 19.50 per share under symbol 6019
Almasar Alshamil Education Co.will begin trading on the Main Market (TASI) today, Dec. 2 under the symbol 6019 and ISIN Code SA56DG9IU1H8, at SAR 19.50.
The stock will trade in the first three days with daily and static price fluctuation limits of ±30% and ±10%, respectively. From the fourth trading day onwards, the daily price fluctuation limits will revert to ±10%, while the static price limits will no longer apply.
According to data available withArgaam, the company offered 30.72 million shares, representing 30% of its SAR 1.02 billion capital, divided into 102.40 million shares, at a par value of SAR 10 each. It offered 30% of the offered shares to individuals, while 70% was allocated to institutional investors.
From Nov. 18-20, nearly 95,700 retail investors subscribed to about SAR 218.2 million worth of Almasar Alshamil shares, at a final offer price of SAR 19.50 apiece, in an offering that was nearly 1.21x covered.
The rump shares were allocated on a pro rata basis, based on the size of each investor’s request relative to the total unsubscribed shares, at an average allocation factor of 80.7%.
Almasar Alshamil Education Co. debuts on TASI today at SAR 19.50 per share under symbol 6019
Almasar Alshamil Education Co.will begin trading on the Main Market (TASI) today, Dec. 2 under the symbol 6019 and ISIN Code SA56DG9IU1H8, at SAR 19.50.
The stock will trade in the first three days with daily and static price fluctuation limits of ±30% and ±10%, respectively. From the fourth trading day onwards, the daily price fluctuation limits will revert to ±10%, while the static price limits will no longer apply.
According to data available withArgaam, the company offered 30.72 million shares, representing 30% of its SAR 1.02 billion capital, divided into 102.40 million shares, at a par value of SAR 10 each. It offered 30% of the offered shares to individuals, while 70% was allocated to institutional investors.
From Nov. 18-20, nearly 95,700 retail investors subscribed to about SAR 218.2 million worth of Almasar Alshamil shares, at a final offer price of SAR 19.50 apiece, in an offering that was nearly 1.21x covered.
The rump shares were allocated on a pro rata basis, based on the size of each investor’s request relative to the total unsubscribed shares, at an average allocation factor of 80.7%.
