US EditionFlynas sets IPO price as retail tranche opens next week
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Flynas sets IPO price as retail tranche opens next week
The retail tranche of Saudi budget airline Flynas’s initial public offering (IPO) will start on May 28 after the institutional tranche was oversubscribed almost 100 times, according to a statement to the Saudi stock exchange. The airline set the IPO price at SAR80 ($21.33) per share – the top end of the range – raising SAR4.1 billion to fund expansion. Retail subscription for 10.3 million shares will close on June 1. The final allocation will be…
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