Page 292 - ALEF EDUCATION PR REPORT MAY 2024

BIG Holding’s $146.5m IPO draws orders

worth $2.5bn

The company priced its IPO at the top of the range, selling its
shares at 500 fils apiece to raise KWD45m

BY KUDAKWASHE MUZORIWA
MAY 27, 2024

Image credit: Jaber Abdulkhaleg/ Getty Images

Kuwait’s Beyout Investment Group (BIG Holding) has attracted $2.5bn
(KWD767m) in investor orders for its initial public offering (IPO) on the local
bourse, in what is set to be the country’s first listing in around two years.

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BIG Holding, which provides human resources and real estate services,
priced its IPO at the top of the range, selling its shares at 500 fils per share to
raise KWD45m.

https://gulfbusiness.com/kuwaits-big-holding-ipo-oversubscribed-17-times/