Saudi Oil Driller ADES Gets $76.5B of Orders for $1.2 Billion IPO

Saudi Oil Driller ADES Gets $76.5B of Orders for $1.2 Billion IPO

Via Julia Fioretti in bloomberg.com: The demand level represents a subscription rate of almost 63 times, indicating strong demand for the IPO in a market that’s been relatively quiet compared with last year. Lumi Rental Co. also drew orders of about $27 billion for its $290 million listing this month.





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