26-05-2025
SMC extends book-building period
Specialized Medical Co. (SMC) said investors who already participated in the book-building process are offered the opportunity to either amend or cancel their bids submitted during the book-building period.
As a result, the book-building period and the overall offer timeline were extended to allow sufficient time for qualifying investors to review the secondary supplementary prospectus and revisit their bids.
During the extended book-building period, no new applications from investors will be allowed or accepted by the book-runners.
SMC reaffirmed its full commitment to the IPO and listing process, adding that the IPO remains on track, and the fundamentals of the business and its long-term growth strategy remain unchanged.
In its second supplementary prospectus issued on May 25, the company announced the postponement of the retail offering until June 15, 2025.
The firm plans to float 75 million shares on the Main Market. These shares represent 30% of the company's SAR 250 million capital, according to data available with Argaam.
New IPO Timetable
Book-building Period Extension
May 26-29, 2025
Final Price
June 3, 2025
New Retail Offering Period
June 15-16, 2025
Final Allocation
June 24, 2025
Refund of Surplus Funds
June 24, 2025
