Logo Design of Lumi Rental Company
Lumi Rental Co. revealed today, Aug. 30, the cost variety and book-building procedure for its going public (IPO) on the Saudi Exchange (Tadawul.
The deal rate variety was set in between SAR 62 and SAR 66 per share.
The vehicle rental company anticipated the offering size to variety in between SAR 1.02 billion and SAR 1.08 billion. Upon listing, the business's market worth will stand in between SAR 3.41 billion and SAR 3.63 billion.
Lumi revealed a strategy to offer 16.5 million shares, or 30% of its capital, to the general public, Argaam previously reported. The stake is provided by Seera Holding Group, which owns 100% of Lumi.
The book-building procedure began today and will end on Sept. 5.
The last deal cost will be revealed on Sept. 7.
Retail financiers will sign up for 10%, or 1.65 million, of the shares available for one day just beginning Sept. 12.
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