NBK Capital managed this offering on behalf of National Bank of Kuwait (NBK), which was appointed as the only Middle East bank acting as co-manager and underwriter.
This landmark offering is the second largest IPO in the world, and the largest in US history, raising $17.9bn globally from the sale of 406 million Class A shares.
If the underwriters exercise their over-allotment option for an additional 40.6 million shares, the IPO could raise as much as $19.7bn. The offering was priced at $44 per share, above the expected pricing range of $37-$42 per share.
“We are pleased to have played a part in this offering, and, despite significant global demand, to have given our investors the opportunity to participate in this historic IPO,” said Salah Al-Fulaij, CEO of NBK Capital.
NBK Capital distributes Visa shares
NBK Capital, a leading Middle Eastern investment bank, has distributed Visa shares as part of Visa’s initial public offering (IPO).
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About NBK CapitalNBK Capital is a regional investment bank that employs 120 experienced finance professionals across the region in offices in Kuwait, Istanbul and Dubai. The company aims to deliver innovative diversified services and products to businesses across the region. NBK Capital has a deep understanding of the business, cultural and regulatory environment of the Middle East region and is able to leverage its relationship with NBK, the highest rated bank in the region that operates in 17 international markets.
For further information, please contact:
Qutaiba AlRabe
Assistant VP – Corporate Communications
NBK Capital
Tel: +965 2246925
Dina Sabry
or
Media Relations Manager
Hill & Knowlton
Tel: (+965) 232 2976
Mobile: (+965) 944 5975
Posted by staff reporter
Sunday, March 23 - 2008 at 12:01 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Sunday, March 23 - 2008 at 12:01 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
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