Latest news with #shareMarket
ABC News
27-05-2025
- Business
- ABC News
Markets live: ASX to rise, Wall Street surges on Donald Trump's EU tariff delay
The Australian share market is set to rise ahead of the latest ABS inflation figures and a likely interest rate cut by the Reserve Bank of New Zealand. Wall Street surged on US President Donald Trump's decision to delay a proposed tariff hike on European Union imports. See how the trading day unfolds on our blog. Disclaimer: this blog is not intended as investment advice.
Argaam
26-05-2025
- Business
- Argaam
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
