11 Hrs
Source:
الاقتصادية
_1777294237270_124456903.png&w=64&q=75){kind=small}
Source: الاقتصادية
11 Hrsالاقتصادية
Source: الاقتصادية
11 HrsReady to play
Ready to play
The Saudi Capital Market Authority has adopted new rules to improve IPO practices. They tighten verification of participants’ financial capacity by limiting acceptable funding to cash or cash equivalents, and make the last order still in place when bookbuilding ends binding for payment. Orders will be counted at the specified price and at any lower price. The underwriting agreement must also be signed and take effect before bookbuilding begins, and the prospectus must include financial performance forecasts and indicators for at least one fiscal year. Reported subscription coverage ratios may be lower, but they will more closely reflect demand backed by actual funds, strengthening the credibility of the order book and bringing greater clarity to pricing.
Notice: This Is an AI-Generated Summary
Comments (0)