IPO of Qatar's IHG evokes huge response from investors

The minimum application by a cornerstone investor is set at 1 million shares

  
Traders watch an electronic share price display at the Doha Stock Exchange in downtown Doha. Image for illustrative purposes only.

Traders watch an electronic share price display at the Doha Stock Exchange in downtown Doha. Image for illustrative purposes only.

REUTERS/Fadi Al-Assaad
15 January 2017

With the IPO of Investment Holding Group (IHG) entering its second week (January 8-22), the offering is attracting huge number of  investors,  especially due to the expected strong entrance of big investors  who have been allocated 30 percent  (29.9 million) of the total shares.

The minimum application by a cornerstone investor is set at 1 million shares, A cornerstone investor can be Qatari companies registered in Qatar, companies incorporated in Qatar and listed on the QSE or government entities that submit subscription applications of a minimum of 1 million shares.

The success of the IPO of this Group will set an example , for other family run businesses in Qatar, on how to offer investment options to investors and disseminate the culture of issuing shares to the public, said a senior official of the Group.

© The Peninsula 2017

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