Tharwah IPO on Nomu 108% covered

14/08/2024 Argaam

Tharwah IPO on Nomu 108% covered

Logo of Tharwah HR Co.

The initial public offering (IPO) of Tharwah HR Co. on the Nomu-Parallel Market was 107.9% covered, Value Capital, the financial advisor and lead manager on the offering, said in a statement to Tadawul today, Aug. 14. 

 

 

For More IPOs

 

The company floated 705,700 ordinary shares, representing 15% of its post-IPO capital.

 

The IPO, the offer price for which was set at SAR 62 per share, ran from Aug. 4-11, Argaam’s data showed.

 

Value Capital will finalize the required paperwork with the Saudi Exchange (Tadawul) to set the debut date on Nomu.

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