Jana Medical’s Nomu IPO price range set at SAR 40-44/share

03/11/2024 Argaam
Logo ofJana Medical Co.

Logo of Jana Medical Co.

Afaq Capital, the financial advisor on the planned initial public offering (IPO) of Jana Medical Co. on Nomu-Parallel Market, announced the offering price range was set at SAR 40-44 per share, according to a Tadawul statement today, Nov. 3.

 

The book-building period for qualified investors will run from Nov. 6-14.

 

For More IPOs

 

The company plans to float 642,500 ordinary shares. This represents 20% of its post-IPO capital of SAR 25.7 million, and 25% of pre-IPO capital, at a par value of SAR 10 each, according to Argaam’s data.

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