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322 Saudi fintech Rasan goes public on Tadawul, shares surge 30 percent pushing market cap close to $1 billion

MENAbytes
MB Staff @ MENAbytes 1 place · 06/22/2024 06:52 EDT

Saudi fintech Rasan goes public on Tadawul, shares surge 30 percent pushing market cap close to $1 billion

Riyadh-based fintech startup Rasan made its public market debut on Saudi Arabia’s Tadawul exchange on June 13, the last trading day before the Eid holidays. The company had initiated its IPO process on May 5 with an intention to float, and the public offering witnessed an exceptionally strong response, getting oversubscribed a staggering 129 times ...

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