Biggest Saudi IPO Since Aramco Has Demand for All Stock on Offer
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Saudi Arabia’s largest pharmacy retail chain has demand for all shares up for sale in its initial public offering, people familiar with the matter said, hours after the firm opened books on what could be the kingdom’s biggest listing since Aramco.
Nahdi Medical Co. is seeking to raise as much as $1.36 billion in the listing, which would be the most since Aramco raised almost $30 billion in 2019.