Riyadh – Mubasher: Nice One Beauty Digital Marketing Company is set to commence trading its shares on the Main Market of the Saudi Exchange (Tadawul) on Wednesday, 8 January 2025.
Under the symbol 4193, the company is set to float 30% of its share capital through the sale of 29.15 million ordinary shares and the issuance of 5.50 million through a capital increase.
Tadawul said the stock will be trading at daily and static price fluctuation limits of +/- 30% and +/- 10%, respectively. The fluctuation limits will be applied during the first three days of the listing, until 11 January.
As of the fourth trading day onwards, the daily price fluctuation limits will revert to +/- 10%, while the static price fluctuation limits will no longer apply.
Last December, Nice One set the final price for its initial public offering (IPO) at SAR 35 per share after obtaining the approval of the Capital Market Authority (CMA) in September.
The company’s individual investor offering on Tadawul attracted orders valued at SAR 908 million, which reflected a subscription coverage of 7.50 times for this tranche.
