Saudi Leejam Sports IPO successful | ZAWYA MENA Edition:
SAMBA Capital & Investment Management Company, the Financial Advisor, Bookrunner, Lead Manager and Sole Underwriter for Leejam Sports Company’s IPO, announced that the institutional book building process was successfully completed in compliance with the guidelines of the Capital Market Authority, with a price set at SR52 per share.
The book building process generated an order book of around SR6.8 billion and resulted in a subscription of 831% of the total offered shares as per the following breakdown:
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