Saudi Arabia’s Biggest IPO of Year Covered on First Day
- Jamjoom IPO on track to be biggest Saudi IPO so far this year
- Price range has been set at 56 riyals to 60 riyals per share
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The Riyadh initial public offering of generic drugmaker Jamjoom Pharmaceuticals Factory Co. got enough orders for all shares on offer within the first day of opening its books, a positive sign for what’s set to be the biggest listing in Saudi Arabia so far this year.