High demand for QLM IPO from investors 30 Dec 2020 - 8:38 The Peninsula Doha: The Initial Public Offering (IPO) of QLM witnessed high demand from retail and corporate investors and was oversubscribed, reflecting investors’ enthusiasm and trust in the Company. Following the successful closure of the subscription period of the Initial Public Offering of QLM Life & Medical Insurance Company Q.P.S.C. (under conversion) (QLM or the Company) on December 23, 2020, the Company announced that the allocation of Offer Shares to subscribers was completed yesterday, with the refund of excess application amounts occurring shortly afterwards. Accordingly, the Company will hold its Constitutive General Assembly meeting as scheduled today, following which the Company will be converted from a limited liability company to a Qatari Public Shareholding Company.