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24 Jan
12:25

East Pipes sets final IPO price, book-building oversubscribed

Saudi Arabia-based East Pipes Integrated Company’s financial advisor, SNB Capital, has set the final offer price at SAR 80 ($21) per share for the pipemaker’s initial public offering, according to a bourse filing seen by Kallanish. SNB successfully completed the book-building process for the participating parties tranche with an oversubscription coverage of 71.8x of total shares offered. A maximum of 630,000 offer shares, representing 10% of …
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