WSM Information Technology IPO on Nomu priced at SAR 49/share

Logo of WSM Information Technology Co.

KASB Capital, the financial advisor and lead manager on the initial public offering (IPO) of WSM Information Technology Co. on the Nomu-Parallel Market, set the offering price at SAR 49 per share.

In a statement to Tadawul today, Jan. 23, the company said the offering period for qualified investors will run from Jan. 25 until Feb. 1.

WSM Information Technology earlier announced plans to float 390,000 shares on Nomu, constituting 20% of its SAR 19.5 million capital divided into 1.95 million shares, according to data available on Argaam.