IPO Monitor | Mark Your Calendar: Nice One (SAR 35/share) and Almoosa Health (SAR 127/share) IPO Retail Periods Start Soon
Tadawul All Shares Index TASI.SA | 12000.92 | +0.91% |
Riyadh, Saudi Arabia – December 2024: Investors in Saudi Arabia are gearing up for the retail subscription periods of two major IPOs that recently concluded their institutional book-building phases with significant oversubscription. Both Nice One Beauty Digital Marketing Company (“Nice One”) and Almoosa Health Company (“Almoosa Health”) have set their final offer prices at the top of their ranges, reflecting robust investor confidence.
Nice One: Pioneering E-commerce in Beauty and Personal Care
- Final Offer Price: SAR 35 per share, implying a market capitalization exceeding SAR 4 billion (~USD 1 billion).
- Institutional Oversubscription: 139.4 times, with total orders surpassing SAR 169 billion (~USD 45 billion).
- Retail Subscription Period: Opens Tuesday, 24 December 2024, and closes Wednesday, 25 December 2024, at 2:00 PM KSA time.
- Offering Details: In the event of sufficient demand from retail investors, they will be allocated a maximum of 3,465,000
Ordinary Shares representing 10% of the offer shares.
Founded in 2017, Nice One is the Kingdom’s largest e-commerce platform specializing in beauty and personal care. It boasts over 28,000 products from 1,200+ international and local brands, serving millions of customers through its app, which accounts for 95% of sales.
Almoosa Health: A Legacy in High-Quality Healthcare
- Final Offer Price: SAR 127 per share, implying a market capitalization of SAR 5.63 billion.
- Institutional Oversubscription: 103 times, with total orders of SAR 173 billion.
- Retail Subscription Period: Opens Monday, 23 December 2024, and closes Tuesday, 24 December 2024.
- Offering Details: A maximum of 2,658,214 Offer Shares, representing 20% of the total Offer Shares, will be allocated to Individual Subscribers.
With a 30-year legacy, Almoosa Health operates two hospitals offering 730 beds in Saudi Arabia’s Eastern Province. The company serves nearly 1 million patients annually and reported SAR 870 million in revenue for the first nine months of 2024.
As we approach the opening of these two IPO's retail subscription periods next week, be sure to mark these important dates in your calendar. We will also release more detailed coverage on the subscription day. Investors can also stay updated through the IPO feature in our app. Click here to know how to access this feature and keep track of the latest developments.
