Riyadh – Mubasher: Nice One Beauty Digital Marketing Company completed the book-building process for institutional investors, setting the final offer price for its initial public offering (IPO) at SAR 35 per share.
The offering is set to imply a market cap exceeding SAR 4 billion (approximately more than $1 billion) at listing, according to a press release.
Nice One recorded orders during the institutional book-building surpassing SAR 169 billion (nearly over $45 billion), representing a coverage of 139.4 times.
The retail subscription period will commence on 24 December and end on Wednesday 25 December 2024.
The company is set to float 30% of its share capital on Tadawul through the sale of 29.15 million ordinary shares and the issuance of 5.50 million through a capital increase.
Last September, the Capital Market Authority (CMA) approved the company’s IPO to list 34.65 million shares.
