MSGA Investment Co.completed the offering of 10% of its post-IPO issued capital at SAR 6 per share, said Yaqeen Capital Co., the financial advisor and lead manager of the share sale.
The IPO was 144.59% oversubscribed, Yaqeen Capital said in a statement to Tadawul on Sunday.
Qualified investors started on June 17 subscribing to 11.11 million shares of MSGA on the Nomu-Parallel Market. The offering closed on June 24.
The shares on offer represent 10% of MSGA’s capital after the IPO and 11.11% before the share sale.
MSGA will fully allocate the net IPO proceeds to proceed with its expansion plan, enhance its market presence and sustain growth.
MSGA Investment Co.completed the offering of 10% of its post-IPO issued capital at SAR 6 per share, said Yaqeen Capital Co., the financial advisor and lead manager of the share sale.
The IPO was 144.59% oversubscribed, Yaqeen Capital said in a statement to Tadawul on Sunday.
Qualified investors started on June 17 subscribing to 11.11 million shares of MSGA on the Nomu-Parallel Market. The offering closed on June 24.
The shares on offer represent 10% of MSGA’s capital after the IPO and 11.11% before the share sale.
MSGA will fully allocate the net IPO proceeds to proceed with its expansion plan, enhance its market presence and sustain growth.
