Analysts expect Alizz IPO to be oversubscribed
- Oman: Monday, October 15 - 2012 at 01:26
Oman's Vision Investment Services has said the shares of the Alizz Islamic Bank is poised to be oversubscribed, as they present a reasonable investment opportunity for investors, Oman Daily Observer has reported. "We expect the IPO to be oversubscribed, which should give investors meaningful allotment and reduce the post IPO listing selling pressure on the company," the company said. Alizz Bank would raise OR40m, or 40% of the bank's issued share capital of OR100m.
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