And she was Banking sources told CNBC Arabia:A few days ago, Solutions by stc’s offering price was set at the maximum price range, which means the share price was set at 151 riyals per share with the end of institutional subscription on September 13th.
And earlier last week, the institutional offering began, as sources told CNBC Arabia at the time that the offering was completely covered in one day with a strong turnout by the institutions.
The company’s initial public offering was priced at 151 riyals per share, implying a market value of $4.8 billion. STC is selling a 20 percent stake in the initial public offering.
The company’s statement stated that the subscription requests exceeded the supply 130 times after the completion of the order book building.