Omani Gas Pipeline Firm’s $771 Million IPO Sells Out in a Day
- Order books for institutional investors multiple times covered
- IPO could be sultanate’s biggest ever at top of range
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Oman’s OQ Gas Networks SAOG received orders for all shares in its initial public offering a day after books opened on the deal that’s potentially set to be the country’s biggest listing on record.
In the latest instance of investors piling into a Middle Eastern listing, OQGN’s institutional tranche was covered multiple times at the top of the price range by the close of the first day of bookbuilding.