Americana shares surge on market debut after raising $1.8bn in IPO – The National
- Date: 12-Dec-2022
- Source: The National
- Sector:Financial Markets
- Country:Saudi Arabia
Americana shares surge on market debut after raising $1.8bn in IPO – The National
Shares of Americana, the largest quick-service restaurant operator in the Mena region, surged above their listing price as the company made its debut on the Arab word's two largest stock markets on Monday.
The company's shares, which started trading under the ticker symbol “AMR” on the Abu Dhabi Securities Exchange, jumped about 12.6 per cent to Dh2.95 in early trading. The company's shares, trading under the symbol "AMERICANA" on the Saudi Tadawul market, climbed as much as 6.7 per cent to 2.86 riyals.
The price range was set at the higher end of Dh2.62 in the UAE and 2.68 Saudi riyals ($0.71) a share.
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