{"id":91730,"date":"2024-11-20T00:00:00","date_gmt":"2024-11-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/20\/digital-research-company-sets-nomu-ipo-price-at-sar-83-apiece\/"},"modified":"2024-11-20T00:00:00","modified_gmt":"2024-11-20T00:00:00","slug":"digital-research-company-sets-nomu-ipo-price-at-sar-83-apiece","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/20\/digital-research-company-sets-nomu-ipo-price-at-sar-83-apiece\/","title":{"rendered":"Digital Research Company sets Nomu IPO price at SAR 83 apiece"},"content":{"rendered":"

Digital Research Company (DRC) priced its Nomu IPO at SAR 83 <\/strong>per share, the transaction\u2019s financial advisor Value Capital said in a disclosure to Tadawul<\/a>. The pricing will see selling shareholders lock in some SAR 28 mn in total proceeds, giving the firm a market cap of SAR 140.1 mn at listing, according to our calculations.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

REFRESHER-<\/strong> The market research, data analytics, and consulting firm is offering a 22.5%<\/a><\/a>stake<\/a> (337.5k shares) on the Nomu, composed of 150k existing shares and 187.5k newly issued shares. Existing shares included in the offering will be primarily pooled from the six majority shareholders who will be selling down their collective stake to 61.9% from 77.2%. Of the SAR 28 mn in IPO proceeds, SAR 2.6 mn are earmarked to cover IPO expenses. Net proceeds will be split between selling shareholders and the firm, with the firm committing its share of the proceeds towards financing the procurement of SAR 15 mn in operational assets<\/p>\n

What\u2019s next?<\/strong> Qualified investors can book shares between Monday, 25 November and Sunday, 1 December with a minimum subscription limit of 10 shares and a maximum of 84,360 shares apiece. The final allocation is slated for Wednesday 4 December and the first day of trading will be announced once all regulatory requirements have been met.<\/p>\n

ADVISORS-<\/strong> Value Capital is quarterbacking the transaction as financial advisor and bookrunner. Receiving agents include SNB Capital, Al Rajhi Capital, BSF Capital, Alnima Investment, Riyad Capital, Aljazira Capital, Alistithmar Capital, Albilad Capital, ANB Capital, SAB Invest, Derayah, Yaqeen Capital, Alkhabeer Capital, and Sahm Capital.<\/p>\n","protected":false},"excerpt":{"rendered":"

The pricing will see the company raise SAR 28 mn in proceeds<\/p>\n","protected":false},"author":1,"featured_media":91731,"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":[3361,10,29,369],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-91730","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-digital-research-company-drc","tag-enterpriseam-ksa","tag-ipo-watch","tag-nomu","wpautop","entry"],"acf":{"mongo_id":"d13aa956-24a2-4c17-bd47-c1b9ff9b07c3","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/323.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Digital Research Company sets Nomu IPO price at SAR 83","related_issue":[91716],"teaser":"The pricing will see the company raise SAR 28 mn in proceeds","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.8dc7b1e4-c0fe-4325-9aee-e2587bd3062b.mp3"},"yoast_head":"\nDigital Research Company sets Nomu IPO price at SAR 83 apiece - 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