4 years ago

Solutions by STC Aims to Raise $960 Million in IPO

  • Solutions by STC, a unit of Saudi Telecom, is aiming to raise up to $960 million in an initial public offering (IPO)

  • The company will offer 24 million ordinary shares at a price range of 136 to 151 riyals per share

  • Solutions by STC specializes in big data, cloud computing, cybersecurity, and IoT

  • The IPO is expected to take place between September 5th and 13th, 2021.

      • ProblemTechnology

      "Solutions by STC solves problems related to mining big data, cloud computing, cybersecurity, and IoT (Internet of Things)."

      Solution

      "It offers solutions to these problems, making it the first MENA Big Data company to file for IPO."

      Covered on