Saudi Hospital Operator Drops in Debut in Latest IPO Letdown
Shares in the hospital operator dropped as much as 3.5% to 24.12 riyals apiece on Wednesday before paring losses. The deal was priced at 25 riyals per share, the top of the marketed range, valuing the firm at 6.25 billion riyals ($1.4 billion). The broader Saudi stock market was little changed.
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