Axelerated Solutions plans 10.71% IPO on Nomu

28/04/2025 Argaam

Axelerated Solutions for Information and Communication Technology Co. plans to float three million ordinary shares, or 10.71% of its post-IPO capital on the Nomu-Parallel Market, said Value Capital, the IPO financial advisor and lead manager.

 

The Saudi Exchange (Tadawul) approved the company’s application to list its shares on the Nomu on Aug. 25, 2024, and the Capital Market Authority (CMA) approved the application on Dec. 16, 2024.

 

The offering price will be determined after the book-building period, according to a Tadawul statement.

 

The share sale will run from May 15-21, 2025.

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