‎Group Five says IPO 1208% oversubscribed

group, ipo, saudi, capital,
Saudi Arabia

‎Group Five says IPO 1208% oversubscribed

Logo of Group Five Pipe Saudi Ltd.

Aldukheil Financial Group (AFG), the financial advisor for the initial public offering (IPO) of Group Five Pipe Saudi Co. Ltd. on Nomu-Parallel Market, said the company’s offering was 1207.77% oversubscribed, according to a bourse filing.