Adeer Nomu IPO 679.67% oversubscribed

13/05/2025 Argaam
Logo ofAdeer Real Estate Co.

Logo of Adeer Real Estate Co.

Adeer Real Estate Co. completed its initial public offering (IPO) on the Nomu-Parallel Market, with 927 qualified investors subscribing for one million shares, according to Musharaka Capital, the financial advisor and lead manager.

 

In a statement to Tadawul, Musharaka Capital said the offering was 679.67% oversubscribed during the subscription period, which ran from May 4 to May 8.

 

For More IPOs

 

The brokerage will finalize the necessary procedures with the Saudi Exchange (Tadawul) and then announce the listing date for Adeer's shares on Nomu, the statement added.

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