EFG Hermes concludes advisory on $290 million IPO of Lumi on the Saudi Exchange
The IPO marks a significant milestone in Lumi Rental Company’s growth journey
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The IPO marks a significant milestone in Lumi Rental Company’s growth journey
EFG Hermes says its investment banking division successfully completed advisory on the $290 million initial public offering (IPO) of Lumi Rental Company, one of the leading car rental and leasing firms in Saudi Arabia.
The IPO marks a significant milestone in Lumi Rental Company’s growth journey and showcases EFG Hermes' commitment to facilitating landmark transactions in the Kingdom Riyadh، September 25، 2023 EFG Hermes، the leading investment bank franchise in Frontier and Emerging Markets (FEM)، announced
This is second-largest listing in Middle East this Year
The listing generated the largest investor demand for an IPO this year، raising over USD 125 billion to imply an oversubscription of 163x Abu Dhabi، June 1، 2023 EFG Hermes، the leading investment bank franchise in Frontier and Emerging Markets (FEM)، announced today that its investment banking