‎Future Vision IPO on Nomu 513% covered

‎Future Vision IPO on Nomu 513% covered ‎Future Vision IPO on Nomu 513% covered

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Logo ofFuture Vision for Health Training Co.

Yaqeen Capital, the financial advisor and lead manager for the initial public offering (IPO) of Future Vision for Health Training Co.on the Nomu-Parallel Market, announced the completion of the offering of two million shares, or 20% of the company’s capital.

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In a statement on Tadawul today, April 14, the brokerage said the offering was 513.28% oversubscribed during the subscription period from April 6-10, at SAR 7 a share.

For More IPOs

Yaqeen Capital will finalize the required procedures with Tadawul, before determining Future Vision’s debut date.

According toArgaam’s data, Future Vision earlier announced floating two million shares on Nomu, at SAR 7 apiece.

These shares represent 25% of the company’s pre-IPO capital, currently valued at SAR 8 million, divided intoeightmillion sharesata nominal value of SAR 1 each.

Theymake up 20% ofthe SAR 10 millionpost-IPO capital.

 

Logo ofFuture Vision for Health Training Co.

Yaqeen Capital, the financial advisor and lead manager for the initial public offering (IPO) of Future Vision for Health Training Co.on the Nomu-Parallel Market, announced the completion of the offering of two million shares, or 20% of the company’s capital.

In a statement on Tadawul today, April 14, the brokerage said the offering was 513.28% oversubscribed during the subscription period from April 6-10, at SAR 7 a share.

For More IPOs

Yaqeen Capital will finalize the required procedures with Tadawul, before determining Future Vision’s debut date.

According toArgaam’s data, Future Vision earlier announced floating two million shares on Nomu, at SAR 7 apiece.

These shares represent 25% of the company’s pre-IPO capital, currently valued at SAR 8 million, divided intoeightmillion sharesata nominal value of SAR 1 each.

Theymake up 20% ofthe SAR 10 millionpost-IPO capital.

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