One of SMC Hospitals
Shares of Specialized Medical Co. (SMC) traded between SAR 24.12 and SAR 25 today, June 25, compared with the listing price of SAR 25 per share. 
The stock saw heavy activity in early trade, with around 6 million shares exchanged in over 12,000 transactions, generating a turnover of SAR 150 million less than 30 minutes after the market opened.
Today’s session marks the company’s debut on TASI under the symbol 4019 and ISIN code SA16B0CHUPH2. The listing price was set at SAR 25 per share.
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 fluctuation limits will no longer apply.
The company offered 75 million shares, or 30% of its capital, 20% of which were allocated to retail investors and 80% to institutions.
The retail tranche was 1.45x covered, at a total value of SAR 542.2 million, while the institutional offering was nearly 64.7x covered.
Individual investors are allocated a minimum of 10 shares each, while rump shares will be allocated on a pro-rata basis based on the size of each individual investor’s request compared to the total remaining subscribed shares, at an average allocation factor of 63.9%.
One of SMC Hospitals
Shares of Specialized Medical Co. (SMC) traded between SAR 24.12 and SAR 25 today, June 25, compared with the listing price of SAR 25 per share.
The stock saw heavy activity in early trade, with around 6 million shares exchanged in over 12,000 transactions, generating a turnover of SAR 150 million less than 30 minutes after the market opened.
Today’s session marks the company’s debut on TASI under the symbol 4019 and ISIN code SA16B0CHUPH2. The listing price was set at SAR 25 per share.
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 fluctuation limits will no longer apply.
The company offered 75 million shares, or 30% of its capital, 20% of which were allocated to retail investors and 80% to institutions.
The retail tranche was 1.45x covered, at a total value of SAR 542.2 million, while the institutional offering was nearly 64.7x covered.
Individual investors are allocated a minimum of 10 shares each, while rump shares will be allocated on a pro-rata basis based on the size of each individual investor’s request compared to the total remaining subscribed shares, at an average allocation factor of 63.9%.
