Logo ofITMAM Consulting Co.
ITMAM Consulting Co. completed the initial public offer (IPO)on Nomu-Parallel Market, with qualified investors subscribingto the three million offered shares, representing 14.29% of the post-IPO capital, financial advisor Yaqeen Capital said in a statement toTadawultoday, Jan. 15. 
The IPO was 230.25% oversubscribed, with a final offering price of SAR 15 apiece.
Yaqeen Capital will finalize the required procedures with the Saudi Exchange (Tadawul) and determinethe listing date on Nomu.
According to data available withArgaam, qualified investors started on Jan. 5subscription to ITMAM Consulting’sthreemillionoffered shares on Nomu, at aprice range of SAR 13-15.
The offered sharesrepresented15% of pre-IPO capital ofSAR20 million, divided into20millionshares, at a nominal value of SAR 1 apiece.This will translate into 14.29% of post-IPO capital.
Logo ofITMAM Consulting Co.
ITMAM Consulting Co. completed the initial public offer (IPO)on Nomu-Parallel Market, with qualified investors subscribingto the three million offered shares, representing 14.29% of the post-IPO capital, financial advisor Yaqeen Capital said in a statement toTadawultoday, Jan. 15.
The IPO was 230.25% oversubscribed, with a final offering price of SAR 15 apiece.
Yaqeen Capital will finalize the required procedures with the Saudi Exchange (Tadawul) and determinethe listing date on Nomu.
According to data available withArgaam, qualified investors started on Jan. 5subscription to ITMAM Consulting’sthreemillionoffered shares on Nomu, at aprice range of SAR 13-15.
The offered sharesrepresented15% of pre-IPO capital ofSAR20 million, divided into20millionshares, at a nominal value of SAR 1 apiece.This will translate into 14.29% of post-IPO capital.
