Elm Co., a digital security firm owned by Saudi Arabia’s Public Investment Fund (PIF), has commenced institutional book-building for its IPO on the Saudi stock exchange from which it seeks to raise as much $820 million. Elm's IPO details: According to a statement issued by the Saudi Exchange, Riyad Capital (the financial adviser and underwriter for the IPO) has set the initial public offering’s price range between SR113 riyals ($30.13) ...