WSM’s final offer price set at SAR 49/share, coverage at 404.8%

Logo of WSM for Information Technology Co.

KASB Capital, the financial advisor and lead manager for the initial public offering of WSM for Information Technology Co. on the Nomu-Parallel Market, announced that the offering has been concluded for 390,000 ordinary shares, or 20% of the company’s capital.

The final offer price was set at SAR 49, with 404.77% coverage, KASB Capital said in a statement to Tadawul.

KASB Capital, as financial advisor and lead manager, will finalize the required procedures with Tadawul and then determine the date for listing of the company's shares on Nomu.

The company offered 390,000 shares at SAR 49 each, representing 20% of its capital, on Nomu.

Qualified investors' subscription to WSM's shares ended on Feb. 1.