TTS has successfully implemented a Book Building automation platform in the Kingdom of Saudi Arabia, revolutionizing institutional bidding and IPO management.
The platform fully automates the process of bidding, price discovery, provisional and final allocations, payment collection, and refunds via vIBAN and escrow accounts. With its dedicated investor portal, institutional investors can submit bids online, while Book Runners review them in real time.
The solution has been widely adopted by Lead Managers and Book Runners across multiple IPOs, earning strong appreciation from regulators and the stock exchange for ensuring clean, validated, and efficient bids and order collection. This achievement sets a new benchmark for managing Book Building activities in the region