The company backed by Saudi Arabia s PIF sovereign wealth fund is expected to price its shares at 13.50 riyals ($3.60), the bank said in a message to investors seen by Reuters.
PIF-Backed Driller's IPO to Price at Top, Raising $1.2 Billion bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) ADES Holding Co.’s initial public offering is expected to price at the top of the range and raise $1.2 billion in what’s set to be Saudi Arabia’s biggest listing of the year.Most Read from BloombergCaesars Entertainment Paid Millions to Hackers in AttackCiti Plans Job Cuts as It Revamps Top Management StructureChina Sows Fresh Confusion About Apple With Security RemarksLuxury Cruise Ship Full of Australians Stuck in Greenland ArcticSoftBank-Backed Arm Raises $4.87 Billion in Bigge