Saudi digital security firm Elm seeks to raise up to $820 mln at IPO

Summary by Ground News
Elm Co., a digital security firm owned by Saudi Arabia's Public Investment Fund (PIF), has commenced institutional book-building for its IPO on the Saudi stock exchange. The Riyadh-based company provides secure e-business services and information technology solutions to private and public sector businesses in the Kingdom.
4 months ago

News Articles

Financial Post

Saudi digital security firm Elm seeks to raise up to $820 mln at IPO

DUBAI -- Saudi Arabia's digital security firm Elm said on Sunday it has set an indicative price range for its initial public offering, aiming to raise as much as 3 billion riyals ($820 million). Read More

4 months ago·Canada
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Bloomberg Quint

Saudi Fund’s Digital Security Firm Seeks $820 Million From IPO

(Bloomberg) -- Elm Co., a digital security firm owned by Saudi Arabia’s sovereign wealth fund, is seeking to raise as much $820 million from an IPO as the kingdom pushes ahead with plans to raise money through selling stakes in a raft of companies.Continue Reading. Read more on Markets by BloombergQuint.

4 months ago
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Albawaba

PIF-Owned Elm Seeks $820 Million From IPO

Elm Co., a digital security firm owned by Saudi Arabia’s Public Investment Fund (PIF), has commenced institutional book-building for its IPO on the Saudi stock exchange from which it seeks to raise as much $820 million...

4 months ago·Amman, Jordan
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