SFC sets price range for Armah Sports IPO on Nomu at SAR 26-28/share

06/11/2023 Argaam

SFC sets price range for Armah Sports IPO on Nomu at SAR 26-28/share

Logo of Armah Sports Co.

Saudi Fransi Capital (SFC) set today, Nov. 6, the price range for Armah Sports Co.’s initial public offering (IPO) on the Nomu-Parallel Market between SAR 26 and 28 per share.

 

SFC is the financial advisor and lead manager on the potential on Armah Sports’ IPO on the Nomu-Parallel Market.

 

The offering consists of selling 821,292 existing shares and issuing 4.11 million ordinary shares, according to a statement to Tadawul.

 

The bidding and book-building will run from Nov. 9–16 for qualified investors, the statement added.

 

Armah Sports plans to offer 4.93 million shares, or 15% of its post-IPO capital, according to Argaam's data.

 

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