Capital markets: Stock options
The initial public offering (IPO) of shares in Saudi Arabian flooring company Al-Abdullatif Industrial Investment Company, which closed on 18 December was a far cry from the multiple oversubscriptions of the GCC stock market boom era. Despite being 1.6 times oversubscribed, the flotation fell short of the two-to-three times coverage typically needed to guarantee a soaring share price on its listing debut.
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