iOud prices IPO between SAR 46–49 per share on Nomu

04/09/2023 Argaam

iOud prices IPO between SAR 46–49 per share on Nomu

Logo of Intelligent Oud Co. (IOud)

TeamOne, the financial advisor and lead manager on the potential initial public offering (IPO) of Intelligent Oud Co. (iOud), stated that the offering price range was set between SAR 46 and SAR 49 per share, according to a Tadawul statement.

 

The book-building period for qualified investors will run from Sept. 10-12.

 

The company will offer 325,000 shares, or 20% its capital, on Nomu-Parallel Market. The shares on offer will be fully allocated for qualified investors.

 

The minimum subscription limit is 10 shares, while the maximum stands at 81,240 shares.

 

In June, the Capital Market Authority (CMA) approved the company’s application to sell 325,000 shares on Nomu, Argaam earlier reported.

 

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