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More Saudi IPOs Price at Top of Range as Demand for Deals Surges

  • Elm seeks to raise $820m; Scientific & Medical plans $83m sale
  • Share sales in Saudi Arabia have seen huge investor demand

Two companies in Saudi Arabia set final offering pricing for their IPOs at the top end of a range on Sunday, underscoring the booming demand for share sales in the kingdom.

Elm Co., a digital security firm owned by Saudi Arabia’s sovereign wealth fund, is expected to raise $820 million, while Scientific & Medical Equipment House Co. may garner $83 million.