Digital Security Company Elm, Saudi Arabia’s Sovereign Wealth Fund, $820M IPO (Farah Elbahrawy/Bloomberg)

Digital Security Company Elm, which is operated and owned by Saudi Arabia’s Sovereign Wealth Fund, has raised about 30% after its debut in Riyadh trading. It also happened after they managed to raise $820M in its IPO. This 30% increase is massive considering it happens in its debut in Riyadh.

Read the full story by Farah Elbahrawy of Bloomberg.

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