Riyadh – Mubasher: Nice One Beauty Digital Marketing Company, a leading beauty and care e-commerce platform in Saudi Arabia, set the price range for its initial public offering (IPO) between SAR 32 and SAR 35 per share.
The institutional book-building period commenced on 1 December 2024 and will close at 2 pm (KSA time) on Sunday, 8 December, according to a bourse disclosure.
On 25 September, the Capital Market Authority (CMA) approved the company’s IPO to list 34.65 million shares, accounting for 30% of its share capital.
The transaction will be implemented through the sale of 29.15 million ordinary shares of the existing shares by Nice One’s existing shareholders on a pro-rata basis and the issuance of 5.50 million through a capital increase.
The sale Shares represent 25.24%, while the new shares equal 4.76% of the company’s capital upon completion of the offering.
Meanwhile, the final offer price will be determined at the end of the book-building period.
