The Clap
Luberef saw the completion of its potential retail IPO with a coverage rate of 230.1%.
What
Each individual subscriber will be allocated a minimum of 10 shares, while the remaining shares will be allocated on a pro-rata basis, according to the size of each subscriber’s application to the total remaining shares.
Fractional shares have been aggregated and allocated downward from the highest orders, one share per order until sold out.
So What
The number of individual participants reached 524.8 thousand, with a total value of approximately SAR 2.85 billion.
Now What
The number of shares offered to individuals was 12.51 million shares, with an offering price set at SAR 99 per share.
