{"id":92104,"date":"2024-12-02T00:00:00","date_gmt":"2024-12-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/12\/02\/nice-one-sets-price-range-for-tadawul-ipo-at-sar-32-35-apiece\/"},"modified":"2024-12-02T00:00:00","modified_gmt":"2024-12-02T00:00:00","slug":"nice-one-sets-price-range-for-tadawul-ipo-at-sar-32-35-apiece","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/12\/02\/nice-one-sets-price-range-for-tadawul-ipo-at-sar-32-35-apiece\/","title":{"rendered":"Nice One sets price range for Tadawul IPO at SAR 32-35 apiece"},"content":{"rendered":"

Nice One Beauty Digital Marketing Company is guiding on a price range of <\/strong>SAR <\/strong>32-35 per share for its offering of a <\/strong>31.5% stake<\/a><\/strong> on Tadawul\u2019s main market<\/strong>, it said in a press release (pdf)<\/a>. The pricing could see Nice One raise up to SAR 1.2 bn in proceeds, and would give it a market cap of SAR 3.9 bn at listing, according to EnterpriseAM calculations. The story also got ink in Bloomberg<\/a>. <\/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

The institutional bookbuilding period kicked off yesterday<\/strong>, running until Sunday, 8 December, where investors will be able to subscribe to 100% of the offering, booking a maximum of 5.75 mn shares, and a minimum of 100k shares each.<\/p>\n

Use of proceeds: <\/strong>Selling shareholders will cover SAR 53.4 mn of the IPO\u2019s expenses, with net proceeds distributed pro rata. The company will supplement these with loans and cashflows, allocating 35-45% to working capital, branding, and sales, 15-25% to logistics and technical upgrades, and 35-45% to potential M&A. <\/p>\n

What\u2019s next?<\/strong> The two-day retail subscription begins on Tuesday, 24 December, with investors eligible for up to 10% of the shares, subject to demand. Each retail investor can subscribe to a maximum of 250k shares, and a minimum of 10 shares. Final allocations of shares are slated for no later than 31 December.<\/p>\n

ADVISORS- Our friends at EFG Hermes<\/strong> are acting as financial advisor, bookrunner, and underwriter on the transaction, alongside SNB Capital, which is quarterbacking the transaction as lead manager. Baker McKenzie will provide counsel to the issuer, while PwC will serve as financial due diligence advisor. Receiving agents include Alistithmar Capital, Alinma Investment, SNB Capital, AlJazira Capital, Riyad Capital, ANB Capital, Albilad Capital, Al Rajhi Capital, Derayah Financial, BSF Capital, SAB Invest, Yaqeen Capital, Alkhabeer Capital, and Sahm Capital.<\/p>\n","protected":false},"excerpt":{"rendered":"

Institutional investors began submitting bids yesterday<\/p>\n","protected":false},"author":1,"featured_media":92105,"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":[2419,10,29,3518,244],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-92104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-capital-markets","tag-enterpriseam-ksa","tag-ipo-watch","tag-nice-one","tag-saudi-tadawul-group","wpautop","entry"],"acf":{"mongo_id":"ae3273b4-9252-40c6-853f-a21eb1923a03","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/990.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Nice One sets price range for Tadawul IPO at SAR 32-35 apiece","related_issue":[92096],"teaser":"Institutional investors began submitting bids yesterday","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.ffdf17e1-ff78-425a-a040-dbc43610496e.mp3"},"yoast_head":"\nNice One sets price range for Tadawul IPO at SAR 32-35 apiece - 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