SFC sets price range for Armah Sports IPO on Nomu at SAR 26-28/share

06/11/2023 Argaam
Logo ofArmah Sports Co.

Logo of Armah Sports Co.

Saudi Fransi Capital (SFC) set today, Nov. 6, the price range for Armah Sports Co.’s initial public offering (IPO) on the Nomu-Parallel Market between SAR 26 and 28 per share.

 

SFC is the financial advisor and lead manager on the potential on Armah Sports’ IPO on the Nomu-Parallel Market.

 

The offering consists of selling 821,292 existing shares and issuing 4.11 million ordinary shares, according to a statement to Tadawul.

 

The bidding and book-building will run from Nov. 9–16 for qualified investors, the statement added.

 

Armah Sports plans to offer 4.93 million shares, or 15% of its post-IPO capital, according to Argaam's data.

 

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