Fertilizer Firm Climbs 18% In Early Trading After Oman IPO

Fertilizer Firm Climbs 18% In Early Trading After Oman IPO

Oman India Fertiliser Co. jumped about 18% on its Muscat trading debut after raising 261 million Omani rials ($678 million) in the region’s largest initial public offering of the year.

Omifco shares surge in Oman's first IPO this year

Shares of Oman India Fertiliser Company (Omifco) closed 23 percent higher than its debut offering price on the Muscat Stock Exchange (MSX) on Wednesday. The stock closed at OMR 0.185 ($0.481) compared to its OMR 0.156 ($0.40) offering price, beating the benchmark, which closed almost 1 percent lower after US President Donald Trump declared the end of the interim peace deal with Iran. More than 341 million shares changed hands in the first tradin…

OMIFCO shares jump 18.6% in MSX debut

The stock opened trading at 185bz, up from its final offer price of 156bz per share