Raoom IPO price set at SAR 80/share

18/01/2022 Argaam

Logo of Raoom Trading Co.

Al Wasatah Al Maliah (Wasatah Capital), in its capacity as the financial advisor on the potential offering of Raoom Trading Co., announced that the initial public offering (IPO) price is set at SAR 80 per share, according to a bourse statement.

 

The subscription will run from Jan. 30 to Feb. 3.

 

Subscription will be made through the electronic system provided on the lead manager's website.

 

The Capital Market Authority (CMA) approved Raoom's application to sell one million shares, or 20% of its share capital, in an IPO on the Nomu - Parallel Market, according to data compiled by Argaam.

 

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