Ladun to list on Nomu

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June 13, 2022 12:55 pm
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  • The company’s initial public offering was priced at SR18 ($4.8) per share, with 20.97 times oversubscription
  • The Riyadh-based firm sold 5 million shares, representing 10 percent of its capital

Ladun Investment Co. will begin trading shares on the kingdom’s parallel Nomu market on June 14, a bourse filing revealed.

The company’s initial public offering was priced at SR18 ($4.8) per share, with 20.97 times oversubscription.

The Riyadh-based firm sold 5 million shares, representing 10 percent of its capital.

Yaqeen Capital, financial advisor and lead manager of the offer, was in charge of the book-building process that ran from May 22 to May 26.

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