(EnergyAsia, August 19, Tuesday) — The recent initial public offer (IPO) of Sohar Power Company (SPC) on Oman’s stock exchange in Muscat was oversubscribed 21 times. The company sold 9,730,000 shares, representing 35% of its equity, for Omani Rial 1.350 (US$3.51) to raise US$35 million. The shares, which were offered primarily to individual investors in…
OMAN: Sohar Power Company shares oversubscribed 21 times in IPO
Posted on August 18, 2008 by EnergyAsia