Arabian Mills’ $271M Saudi IPO sells out in an hour

Arabian Mills’ $271M Saudi IPO sells out in an hour

Via Fahad Abuljadayel and Matthew Martin in yahoo.com: The flour milling company plans to raise as much as $271 million by selling a 30% stake, or about 15.4 million shares, on the local Saudi stock exchange. Institutional investors covered the order book throughout the price range of 62 riyals to 66 riyals ($16.50 to $17.60) per share, according to people familiar with the matter, who asked not to be identified discussing private information.





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