Digital Research’s Nomu offer price set at SAR 83/shr

05:04 PM (Mecca time) Argaam
Logo ofDigital Research Co. (DRC)

Logo of Digital Research Co. (DRC)

Value Capital, the financial advisor and lead manager of the initial public offering (IPO) of Digital Research Co. (DRC) on the Nomu-Parallel Market, set the offer price at SAR 83 per share, according to a statement to Tadawul.

 

The company earlier offered 337,500 shares, representing 20% of its post-IPO capital of SAR 15 million (22.5% of pre-IPO capital) on the Nomu-Parallel Market.

 

For More IPOs

 

The company's post-IPO capital will increase to SAR 16.69 million, divided into 1.69 million shares at a par value of SAR 10 each.

 

The share sale will run for seven working days from Nov. 25 to Dec. 1.

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