Riyadh-Mubasher: Saudi Arabian gold and jewellery maker L'azurde’s initial public offering (IPO) was 179.01% oversubscribed by the end of its seventh day.
A total of 283,960 retail subscribers bought 6.93 million shares worth SAR 256.32 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.
