ACWA Power IPO oversubscribed 248 times; attract $300 billion
RIYADH: The Saudi utility developer ACWA Power completed the institutional book-building process for its initial public offering, receiving bids worth 248 times what it is issuing, Arab News quoted a filing on the Tadawul Stock Exchange. The company drew orders of SR1.127 trillion ($300.4 billion) from institutional investors, to which it is allocating 90 per … Read more