DUBAI - Saudi Arabian water and wastewater infrastructure company Miahona's initial public offering (IPO) was priced at the top of the targeted valuation range, according to an adviser on Thursday. The public-private partnership company is raising $148 million by selling a 30% stake - amounting to 48,277,663 shares - at 11.5 riyals ($3.07) a piece, according to a filing by adviser Saudi Fransi Capital. The IPO offer price implies a market capitalisation of $493.3 million, according to Reuters... Read this story
