Riyadh-Mubasher: Saudi Arabian gold and jewellery maker L'azurde’s initial public offering (IPO) was 221.43% oversubscribed by the end of the eighth day, according to Saudi Fransi Capital, the financial advisor and lead manager for the IPO.
A total of 327,280 retail subscribers bought shares worth SAR 317.07 million through 59,840 subscription requests.
Retail investors’ subscription period began on June 5 and will end on 13 June.
A total of 3.87 million shares, or 30% of a total of 12.9 million shares, are offered to investors.
