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Saudi fintech firm Rasan’s $224m IPO oversubscribed 129.1 times

Saudi Arabia fintech firm Rasan said on Tuesday that it has attracted $29bn (SAR108.6bn) in investor orders for its initial public offering (IPO) on the local bourse, as listings in the kingdom pick up after a short hiatus. Rasan priced its IPO at the top of the previously announced range,…

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