The supermarket operator, which is listing 20% of its shares publicly for the first time, saw a subscription of 4,870% of the total offered shares.Fayez Nureldine | AFP | Getty Images
BinDawood Holding's stock opened at 105.60 Saudi riyals on the Tadawul, hitting its daily limit. That's up from its offering price of 96 riyals , which was at the top end of the 84 riyals to 96 riyals per share range.saw a subscription of 4,870% of the total offered shares. He told CNBC's "Capital Connection" that the current environment is "definitely" a good time for the company to go public despite the ongoing virus situation.driven in part by higher demand for groceries and home consumption when the kingdom was under curfew due to the coronavirus crisis.
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