What to know

The Investment Holding Group Is Going Public

Investment Holding Group will go public at the Qatar Stock Exchange next week

The Qatari Investment Holding Group (IHG) has announced that they will soon be going public through an IPO.

Qatari construction contracting firm Investment Holding Group said on Sunday that they have received approval from the Qatar Financial Markets Authority to list 60 percent of their shares on the Qatar Stock Exchange through an Initial Public Offering (IPO).

Throughout January 8, 2017, into January 22nd, the company will list 49,800,000 shares at a pricing of QAR 10.1 per share.

As soon as they are going public, it could be the first Initial Public Offer of 2017 in the who Gulf Cooperation Council business region.

Investment Holding Group is a Qatari family-owned contracting and trading business, and will be offering 9.8 million shares publicly starting next week. The shares represent 60% of the company’s capital, and with QAR 10.1 per share, the who IPO offer is valued at QAR 503 million, or $138 million.

An Initial public offering or an IPO as it os called, is also known as a stock market launch, is a form of first public offering shares within a company for interested institutional investors. Those investors then take those share to sell and trade them off with general public at the stock exchange. Companies usually go for an IPO to draw in investors and money to expand their business.

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