{"id":97697,"date":"2025-06-04T00:00:00","date_gmt":"2025-06-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/06\/04\/time-entertainments-nomu-ipo-was-1-4x-oversubscribed\/"},"modified":"2025-06-04T00:00:00","modified_gmt":"2025-06-04T00:00:00","slug":"time-entertainments-nomu-ipo-was-1-4x-oversubscribed","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/06\/04\/time-entertainments-nomu-ipo-was-1-4x-oversubscribed\/","title":{"rendered":"Time Entertainment\u2019s Nomu IPO was 1.4x oversubscribed"},"content":{"rendered":"

<\/strong>Event organizer <\/strong>Time Entertainment<\/a><\/strong>\u2019s Nomu IPO was 1.4x covered by qualified investors<\/strong>, driving the firm to price its offering at SAR 80 per share \u2014 the top of the range it was guiding on, according to a disclosure<\/a> to Tadawul. The company is floating a 20% stake<\/a> in a secondary offering on the parallel market. While final allocations wrapped up yesterday, there\u2019s still no word on when Time Entertainment\u2019s shares will start trading on Nomu.<\/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

Proceeds + market cap: <\/strong>The final price will see the firm\u2019s four selling shareholders rake in SAR 16 mn in<\/a>IPO proceeds<\/a> (minus SAR 2.4 mn in IPO-related expenses), implying a market cap of SAR 80 mn at listing. Their shares will remain on lockup for 12 months from the first day of trading. <\/p>\n

ADVISORS- <\/strong>Al Khair Capital is quarterbacking the transaction as financial advisor and lead manager. Alsaleh, Alsahli & Partners Law Firm is serving as legal advisor with RSM as the bookrunner. Receiving agents<\/strong> include Derayah Financial, Albilad Capital, Alkhabeer Capital, AlJazira Capital, ANB Capital, BSF Capital, Alinma Capital, GIB Capital, Alistithmar Capital, Riyad Capital, SAB Invest, Yaqeen Capital, Sahm Capital and SNB Capital.<\/p>\n

REMEMBER- Most of the recent Nomu debuts are still trading below their IPO price: <\/strong><\/a>Axelerated<\/a>Solutions<\/a> saw its share price fall 3% on its first trading day, while Dkhoun National<\/a> also dropped 19.8% at debut and Service Equipment Company<\/a> declined 10%. Future Vision for Health Training<\/a> also shed 5.3% on its first trading day. All of these companies are still trading below their IPO price.<\/p>\n

ALSO IN THE PIPELINE-<\/strong><\/p>\n