Nice One sets IPO price range at SAR 32-35/shr

01/12/2024 Argaam
Logo ofNice One Beauty Digital Marketing Co.

Logo of Nice One Beauty Digital Marketing Co.

Nice One Beauty Digital Marketing Co. determined the price range for its initial public offering (IPO) and the start of the institutional book-building process for participating parties, according to a statement to Tadawul.
 
 
The IPO price range was set between SAR 32 and SAR 35 per share. The institutional book-building period starts today, Dec. 1, and will continue until Dec. 8.
 
SNB Capital is the lead manager, financial advisor, bookrunner and underwriter. EFG Hermes Saudi Arabia is the joint financial advisor, bookrunner and underwriter for the potential IPO.
 

Nice One plans to float 34.65 million shares, representing 30% of post-IPO capital (31.5% of pre-IPO capital), on the Main Market (TASI), at a nominal value of SAR 1 apiece, Argaam reported.

 

The retail offering will start on Dec. 24, and will run until Dec. 25. A total of 3.465 million shares, or 10% of the offered shares, was allocated for the retail investors.

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