BUSINESS REPORTER MUSCAT, JULY 1 The Financial Services Authority (FSA) has approved the share allocation ratios for the initial public offering (IPO) of the Oman India Fertiliser Company (OMIFCO), following its review of the subscription results. The results showed that total subscription proceeds exceeded the value of the offer by 3.909 times for the individual […]
MUSCAT, JUNE 15 Oman India Fertiliser Company (OMIFCO) is offering investors a dividend yield of between 7.8 and 8.3 per cent for 2026, the company has disclosed ahead of an initial public offering (IPO) that opens for subscription on Monday. The fertiliser producer expects to pay a minimum dividend of 12.1 baisa per share, equivalent […]
Muscat: The Oman India Fertiliser Company (OMIFCO) will begin its first introductory meeting on Tuesday in the wilayat of Sur, South al Sharqiyah Governorate, as part of a nationwide roadshow promoting its initial public offering (IPO) across several governorates of the Sultanate of Oman. The meetings aim to enhance investment awareness and provide investors with […]
OpenAI has fallen short of its goals for new users and revenue in recent months, sparking concern among some company leaders over whether it can support its extensive data-center spending, the Wall Street Journal reported on Monday, citing people familiar with the matter. Here are a few details: * CFO Sarah Friar has expressed concerns […]
Muscat: India is set to remain the principal destination for urea exports from Oman India Fertiliser Company (OMIFCO) following its landmark initial public offering (IPO), according to details disclosed in the company’s prospectus. The prospectus highlights OMIFCO’s long-standing strategic role in supporting India’s fertiliser requirements and outlines new arrangements that will secure substantial export volumes […]
Muscat: As Oman India Fertiliser Company (OMIFCO) prepares to open its initial public offering to investors, one of the most important elements behind the company’s profitability lies outside the share offer itself: a long-term natural gas supply agreement with the Government of Oman. The agreement, signed in September 2025 and effective from July 15, 2025, […]
NEW YORK: As SpaceX prepares for its record-breaking $75 billion market debut, Wall Street traders, brokers and exchanges are racing to ensure their systems can handle the blockbuster initial public offering and avoid the chaos that marred other high-profile listings. The troubled 2012 debut of Facebook still weighs heavily. That listing was disrupted by technical […]
He is already the richest man in the world, but when SpaceX finally makes its hotly anticipated stock market debut, Elon Musk could become the planet’s first trillionaire. Forbes magazine on Tuesday estimated Musk’s net worth at nearly $835 billion, as compared with $342 billion in its annual rich list in March 2025. He is […]
Elon Musk’s rocket and satellite company SpaceX is seeking to raise about $75 billion in what would be the largest initial public offering (IPO) on record, according to an updated prospectus filed with the US Securities and Exchange Commission (SEC)on Wednesday. At an offering price of $135 per share, the company would be valued at […]
Elon Musk’s SpaceX is becoming a publicly traded company after selling 555.6 million shares in what was the biggest initial public offering in history. But my new research suggests that investors who bought those shares are unlikely to see the explosive growth that past IPOs had. The rocket and satellite maker raised US$75 billion on […]
