Individual subscription begins for 3.47 million shares from the “Nice One” offering on TASI

Today, the subscription of individual investors in the offering of the “Nice One Beauty Electronic Marketing Company” on the main Saudi stock market (TASI) begins today.
The subscription period for the individual segment of “Nice One Beauty” will last for two days, until the end of tomorrow, Wednesday.
3.47 million shares of Nice One Beauty, representing 10% of the total shares offered for public subscription, will be allocated to individuals.

Nice One Beauty launch price

The offering price will be 35 riyals per share, which was determined through a book-building process.
Last September, the Capital Market Authority approved the company’s request to register and offer 34.65 million shares for public subscription, representing 30% of the company’s capital after the offering, and representing 31.5% of the company’s shares before the capital increase, with a nominal value of one riyal per share.
The offering includes the sale of 25.24% of existing shares and the issuance of new shares representing 4.76%, which in total equals 30% of the capital.
The subscription for institutions ended last week, with the offering covered by approximately 139.4 times the total shares offered.