Complex Made Simple

Taageer IPO raises $48m

Oman-based Taageer Finance's $11.07m IPO attracted $47.8m in subscriptions, making it more than four times oversubscribed. The company offered 3m shares at OMR1.42 per share. Taageer's capital will rise to $19.5m as a result of the issue, the proceeds of which it will use for expansion plans.