Riyadh-Mubasher: Saudi Arabian gold and jewellery maker L'azurde’s initial public offering (IPO) was 125.98% oversubscribed by the end of its fourth day.
A total of 191,560 retail subscribers bought 4.88 million shares worth SAR 180.39 million, according to Saudi Fransi Capital, the financial advisor and lead manager for the IPO.
The subscription period for the retail segment began on June 5 and will continue until June 13.
A total of 3.87 million shares, or 30% of total shares allocated, will be offered to investors.
