Logo ofRasan Information Technology Co.
HSBC Saudi Arabia, as a global coordinator and a bookrunner for Rasan Information Technology Co.’s institutional subscription announced the completion of an accelerated book-building transaction. The two funds sold their entire stakes in Rasan, with the offering price set at SAR 69 per share.
A total of 364 negotiated deals were executed on about 13.30 million shares of Rasan pre-market opening at SAR 917.5 million.
The book-building process was launched on March 12 to sell the entire stakes of Venture Capital InsurTech Fund and Impact Growth Fund in Rasan.
Logo ofRasan Information Technology Co.
HSBC Saudi Arabia, as a global coordinator and a bookrunner for Rasan Information Technology Co.’s institutional subscription announced the completion of an accelerated book-building transaction. The two funds sold their entire stakes in Rasan, with the offering price set at SAR 69 per share.
A total of 364 negotiated deals were executed on about 13.30 million shares of Rasan pre-market opening at SAR 917.5 million.
The book-building process was launched on March 12 to sell the entire stakes of Venture Capital InsurTech Fund and Impact Growth Fund in Rasan.
