Purity to make debut on Nomu on Nov. 5

Logo of Purity Tech Co.

Purity Tech Co. will start trading on the Nomu-Parallel Market on Nov. 5, under the symbol 9614 and ISIN code SA165044M714.

 

The stock will have daily and static price fluctuation limits of ±30% and ±10%, respectively, the Saudi Exchange (Tadawul) revealed today, Nov. 3.

 

For More IPOs

 

In a separate statement, the Securities Depository Center Co. (Edaa) announced that the company’s subscribed securities were added into the accounts of eligible shareholders today.

 

Purity earlier floated three million shares on Nomu, with the offering priced at SAR 8 apiece. The subscription was 597% covered, according to data available with Argaam.

 

The offer shares represent 20% of the company’s post-IPO capital of SAR 15 million, divided into 15 million shares at a par value of SAR 1 each.

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