Axelerated Solutions offering price set at SAR 27/share
Value Capital, financial advisor and lead manager for the initial public offering of Axelerated Solutions for Information and Communication Technology Co. on the Nomu -Parallel Market, set the offering price at SAR 27 per share, according to a statement to Tadawul.
The company plans to float 3 million shares, or 12% of its pre-IPO share capital, and 10.71% of post-IPO capital. The company is currently capitalized at SAR 25 million. The post-IPO capital will amount to SAR 30 million, divided into 30 million shares at par value of SAR 1 each.
The share sale will run for seven days from May 15-21, 2025.
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This supports continued growth, geographic expansion within and beyond the Kingdom, and an increase in membership base. 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