Riyadh – Perfect Presentation for Commercial Services Company, known as 2P, has set the price range for its initial public offering (IPO) on the Saudi Stock Exchange (Tadawul) between 165 and 185 SAR per share, Saudi Fransi Capital announced on October 18.
The final IPO price will be determined upon completion of the bookbuilding process, which will take place from October 18-24, 2022. This is followed by the retail subscription process, in which 450,000 shares, representing 10% of the total IPO, are offered to individual subscribers.
Perfect Presentation is offering 4.50 million common shares, representing 30% of its share capital, for sale to current shareholders in an initial public offering.
The minimum number of IPO shares to be applied for by participating companies has been set at 50,000 common shares, while the maximum is 749,999 common shares.
Saudi Fransi Capital is acting as bookrunner for Perfect Presentation’s IPO, which was approved by the Saudi Capital Market Authority (CMA) in September this year.
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