Finance
Oman’s OQ Seeks to Raise $490 Million From Methanol Unit IPO
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Oman’s state energy company is seeking to raise as much as $490 million from the initial public offering of its methanol and liquefied petroleum gas unit, the latest in a flurry of deals from the region.
OQ SAOC will offer a 49% stake in OQ Base Industries SAOG at 106 baisas ($0.28) to 111 baisas per share, according to a statement Monday. At the top end of that price range, the firm would be valued at $1 billion.