{"id":100538,"date":"2025-09-14T00:00:00","date_gmt":"2025-09-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/09\/14\/jamjoom-wraps-up-nomu-ipo-with-strong-demand\/"},"modified":"2025-09-14T00:00:00","modified_gmt":"2025-09-14T00:00:00","slug":"jamjoom-wraps-up-nomu-ipo-with-strong-demand","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/09\/14\/jamjoom-wraps-up-nomu-ipo-with-strong-demand\/","title":{"rendered":"Jamjoom wraps up Nomu IPO with strong demand"},"content":{"rendered":"

<\/strong>Jamjoom Fashion Trading\u2019s Nomu offering of a 30% stake was 4.5x oversubscribed<\/strong>, pulling in SAR 1.6 bn in orders, according to a bourse disclosure<\/a>. The firm priced its shares at SAR 145 \u2014 the top of the range it was guiding on<\/a> \u2014 implying SAR 345.7 mn in proceeds. The final price would give Jamjoom a market cap of SAR 1.15 bn at listing, according to our calculations.<\/p>\n

REFRESHER- <\/strong>Kamal Osman Jamjoom Trading (KOJ), the selling shareholder, is offloading 2.4 mn shares to qualified investors and will rake in net proceeds from the secondary sale. KOJ will retain a 70% stake in the company post-IPO and will be subject to a 12-month lockup period.<\/p>\n

ADVISORS- <\/strong>EFG Hermes KSA is serving as the financial advisor and lead manager on the transaction, while Zeyad Sameer Khoshaim Law Firm is providing counsel. PwC is the financial due diligence advisor, and Euromonitor International is the market consultant.<\/p>\n

Receiving agents<\/strong> include <\/strong>Al Rajhi Capital, SNB Capital, BSF Capital, Riyad Capital, Al Bilad Investment, Al Jazira Capital, Alistithmar Capital, Derayah Financial, Alinma Capital, Arab National Bank Financial, Yaqeen Capital, Al Khabeer Capital, Al Awwal Investment (Sab Invest), Saham Capital, GIB Capital, EFG Hermes KSA, Musharaka Capital, and Awaed Alosool Capital.<\/p>\n

ALSO IN THE NOMU PIPELINE-<\/strong> Hamad Mohammed Bin Saedan Real Estate Company\u2019s Nomu IPO was 114.2% covered<\/a>, while medical equipment supplier Wajd Life Trading Company\u2019s<\/a> offering was 1.8x oversubscribed. Meanwhile, Sign World\u2019s IPO was 108.7% covered<\/a>. The Capital Market Authority has also recently approved<\/a> the listing of online supplement store Alwazn Almithaly for Trading and two new equity funds on the parallel market.<\/p>\n","protected":false},"excerpt":{"rendered":"

The IPO pulled in SAR 1.6 bn in orders<\/p>\n","protected":false},"author":1,"featured_media":100539,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2542],"tags":[10,2637,29,2784],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-100538","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-enterpriseam-ksa","tag-ipo","tag-ipo-watch","tag-jamjoom","wpautop","entry"],"acf":{"mongo_id":"5ead3314-6a10-4f79-a5b5-ddd163f276a1","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/9\/112.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Jamjoom Fashion Trading\u2019s Nomu IPO 4.5x oversubscribed","related_issue":[100531],"teaser":"The IPO pulled in SAR 1.6 bn in orders","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/9\/.74cb39ce-ac47-4a8d-be13-e10a1137bf91.mp3"},"yoast_head":"\nJamjoom wraps up Nomu IPO with strong demand - 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