Tag: #IPO
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Airlift Secures $85m in Series B Financing, Largest in MENA Region
Airlift Technologies, a pioneer in the recent wave of technology businesses, was started in Pakistan, built by local entrepreneurs and for local populations. Today, Airlift is announcing an $85 Million Series B financing led by some of the most iconic investors on the globe. The financing is about twice the size of the largest private…
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Agha Steel Gets Listed on PSX & Gets Big Response
Agha Steel got listed on PSX and got a big response.
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Saudi Aramco shares to begin trading after world’s biggest IPO
Riyadh, Dec 11 (AFP/APP): Saudi Aramco’s shares begin trading domestically on Wednesday, after the energy behemoth raised $25.6 billion in the world’s biggest initial public offering. Aramco has priced its IPO at 32 riyals ($8.53) per share, the high end of the target range, surpassing the $25 billion raised by Chinese retail giant Alibaba in…
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Alibaba eyes $12.9 bn Hong Kong IPO after setting price
Hong Kong, Nov 20 (AFP/APP): Chinese online retail titan Alibaba said Wednesday it could raise almost $13 billion in Hong Kong’s biggest IPO for nearly a decade after announcing the pricing of its shares for the mega sale. Asia’s biggest company has called the listing a multi-billion-dollar vote of confidence in the city’s markets as…
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Saudis scramble to raise cash for Aramco share sale
Riyadh, Nov 5 (AFP/APP): From tapping lenders to selling personal assets, Saudis are scrambling to raise cash to invest in Aramco stocks after the oil giant announced its blockbuster market debut even as it offered few listing details. After years of delay and false starts, the state-owned company said on Sunday it plans to sell…
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Saudi Aramco heads for possible record-setting market debut
Dhahran, Saudi Arabia, Nov 4 (AFP/APP): Saudi Arabia on Sunday announced the stock market debut of energy giant Aramco, in what could be the world’s biggest IPO, underpinning Crown Prince Mohammed bin Salman’s ambitions to overhaul the kingdom’s oil-reliant economy. After years of delay, Aramco said it plans to sell an unspecified number of shares…