Rasan Information Technology Co. and its shareholders are looking to raise as much as 841 million riyals ($224 million) in one of the first initial public offerings by a fintech firm in Saudi Arabia.
Institutional investors may control 40% of U.S. single-family rental homes by 2030, according to MetLife Investment Management. And a group of Washington, D.C., lawmakers believe that Wall Street needs to back away from the market
The offering will consist of a sell-down of 80,000,000 secondary shares and a capital increase of 177,777,778 primary shares, together representing 14.5% of the Groups share capita