Marketing Home Group opens at 93 riyals, IPO at 85 riyals

Marketing Home Group opens at 93 riyals, IPO at 85 riyals

Marketing Home Group Co. (MHG) opened its trading on the Saudi Exchange (Tadawul) on Tuesday, September 2, 2025, with a stock price of 93 riyals. This marked the beginning of the company's journey on the exchange, following its initial public offering (IPO) priced at 85 riyals per share [3].

The IPO, which took place on September 1, 2025, saw the company float 4.8 million shares, representing 30% of its share capital. The stock was priced at 85 riyals each, raising a total of SAR 408 million [2]. The IPO was heavily oversubscribed, with retail investors subscribing to a minimum of 10 shares each and the institutional tranche being 967% covered [2].

The stock's initial trading on Tadawul was marked by volatility, with daily and static price fluctuation limits set at ±30% and ±10%, respectively, for the first three days. From September 5 onwards, the daily price fluctuation limits reverted to ±10%, with static fluctuation limits no longer applying [3].

The opening price of 93 riyals reflects the market's initial assessment of the company's prospects and the investor sentiment following the IPO. Marketing Home Group's listing on the Saudi Exchange is expected to enhance its visibility, brand image, and provide liquidity to existing shareholders [1].

References:
[1] https://economictimes.indiatimes.com/markets/ipos/fpos/cmr-green-technologies-files-draft-papers-seeks-sebis-clearance-to-float-ipo/articleshow/123611518.cms
[2] https://www.argaam.com/en/article/articledetail/id/1840170
[3] https://www.zawya.com/en/capital-markets/equities/saudi-mhg-to-commence-trading-on-tadawul-mid-week-kc8lar4w