‎Axelerated Solutions’ Nomu offering price set at SAR 27/shr

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Logo ofAxelerated Solutions for Information and Communication Technology Co.

Value Capital, financial advisor and lead manager of the initial public offering of Axelerated Solutions for Information and Communication Technology Co. on the Nomu-Parallel Market, set the offering price at SAR 27 per share, according to a statement to Tadawul.

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Axelerated Solutions plans to float three million shares, or 12% of its pre-IPO share capital, and 10.71% of post-IPO capital. The company is currently capitalized at SAR 25 million. The post-IPO capital will amount to SAR 30 million, divided into 30 million shares at a par value of SAR 1 each.

For More IPOs

The share sale will run for seven days from May 15-21.

‎

Logo ofAxelerated Solutions for Information and Communication Technology Co.

Value Capital, financial advisor and lead manager of the initial public offering of Axelerated Solutions for Information and Communication Technology Co. on the Nomu-Parallel Market, set the offering price at SAR 27 per share, according to a statement to Tadawul.

Axelerated Solutions plans to float three million shares, or 12% of its pre-IPO share capital, and 10.71% of post-IPO capital. The company is currently capitalized at SAR 25 million. The post-IPO capital will amount to SAR 30 million, divided into 30 million shares at a par value of SAR 1 each.

For More IPOs

The share sale will run for seven days from May 15-21.