(Bloomberg) -- Saudi Prince Alwaleed bin Talal's
Kingdom Holding Co. plans to sell shares to individuals in an
initial public offering that values the company at as much as
$17.6 billion, two people with knowledge of the matter said.
Kingdom will sell shares for 10.25 riyals ($2.73) to 10.5
riyals each, after money managers sought more than twice the
stock offered to them, said the people, who declined to be
identified because the information is private. Shares in Kingdom,
set to become the country's fifth-largest publicly traded
company, will go on sale to Saudi individuals as soon as July 7.
Read more at Bloomberg Emerging Markets News
Kingdom Holding Co. plans to sell shares to individuals in an
initial public offering that values the company at as much as
$17.6 billion, two people with knowledge of the matter said.
Kingdom will sell shares for 10.25 riyals ($2.73) to 10.5
riyals each, after money managers sought more than twice the
stock offered to them, said the people, who declined to be
identified because the information is private. Shares in Kingdom,
set to become the country's fifth-largest publicly traded
company, will go on sale to Saudi individuals as soon as July 7.
Read more at Bloomberg Emerging Markets News
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