Raoom plans to float 20% stake on Nomu

09/01/2022 Argaam

Al Wasatah Al Maliah (Wasatah Capital), in its capacity as the financial advisor on the potential initial public offering (IPO) of Raoom Trading Co., announced that the company plans to offer one million ordinary shares, or 20% of its share capital, on Nomu Parallel Market, according to a bourse filing.

 

The final offer price will be determined before the subscription period, which will begin on Sunday, Jan. 30, and end on Feb. 3.

 

In June 2021, the Capital Market Authority (CMA) approved Raoom's IPO and listing application, according to data available with Argaam.

 

On Jan. 5, 2022, the company issued the prospectus for its share sale on Nomu.

 

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