‎Lamsat’s Nomu IPO 1,101.3% oversubscribed at SAR 5.75/shr

‎Lamsat’s Nomu IPO 1,101.3% oversubscribed at SAR 5.75/shr ‎Lamsat’s Nomu IPO 1,101.3% oversubscribed at SAR 5.75/shr

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Logo of Lamasat Co.

Yaqeen Capital, the financial advisor and lead manager on the potential offering of six million (7.41%) of Lamasat Co.’s share capital on Nomu-Parallel Market, said the IPO price was set at SAR 5.75 a share.

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In a statement on Tadawul today, Jan. 30, the brokerage said the offering was 1,101.3% oversubscribed during the subscription period from Jan. 20-27.

For More IPOs

Yaqeen Capital will finalize the required procedures with the Saudi Tadawul Group Holding Co. (Tadawul Group), before determining the listing date on Nomu.

 

Logo of Lamasat Co.

Yaqeen Capital, the financial advisor and lead manager on the potential offering of six million (7.41%) of Lamasat Co.’s share capital on Nomu-Parallel Market, said the IPO price was set at SAR 5.75 a share.

In a statement on Tadawul today, Jan. 30, the brokerage said the offering was 1,101.3% oversubscribed during the subscription period from Jan. 20-27.

For More IPOs

Yaqeen Capital will finalize the required procedures with the Saudi Tadawul Group Holding Co. (Tadawul Group), before determining the listing date on Nomu.

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