Service Equipment sets Nomu IPO price range at SAR 80-84/shr

Logo of Service Equipment Co.

The price range of Service Equipment Co.’s planned initial public offering (IPO) on the Nomu-Parallel Market has been set between SAR 80 and SAR 84 per share, according to Yaqeen Capital, the financial advisor and lead manager of the potential IPO.

 

For More IPOs

 

According to data available with Argaam, the company intends to list 720,000 shares on Nomu, representing 30% of its 2.4 million share capital.

 

The offering period will run for five days from April 13 until April 17.

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