Middle East's First IPO Since Tariff Turmoil Sees Choppy Debut
Saudi packaging manufacturer United Carton Industries Co.'s stock climbed amid a mixed debut in Riyadh, a sign that broader market turbulence may be impacting Middle Eastern listings.
Shares in the firm rose 2% to 51 riyals apiece mid-morning on Tuesday, after soaring as much as 9%. At one point, the shares dropped to 49 riyals, a 2% dip from the offer price.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
an hour ago
- Bloomberg
Bloomberg Surveillance 6/4/2025
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
Bloomberg
an hour ago
- Bloomberg
Jewelry CEO Faces Gold Price Surge
Gold prices have continued to surge as global tensions push investors toward a traditional safe play. Tom Nolan, is the CEO of Kendra Scott--a jewelry and fashion brand. He joined the c-suite on Bloomberg Open Interest to talk about how he's navigating higher costs and what he thinks about the resiliency of the US consumer. (Source: Bloomberg)
Bloomberg
an hour ago
- Bloomberg
Hong Kong IPOs, Share Sales Surge 600%
Hi, it's Julia Fioretti and Dong Cao in Hong Kong, where the mood is picking up thanks to some blockbuster deals in the capital markets this year. Elsewhere, it's a different story for IPOs in Saudi Arabia. Today's top stories
