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Thndr Claps » Saudi Claps » IPO Watch 👀 » Nofoth Food shares begin trading on Tuesday

Nofoth Food shares begin trading on Tuesday

by Omar El Shorafa
January 9, 2023

The Clap
Nofoth Food’s shares will begin trading on the parallel market “Nomu” starting Tuesday, January 10, 2023, under the trading code (9556).

What
Investors began the day subscribing to 288,000 shares of the company’s shares, which represents 12% of its total shares, and the subscription period ended on December 22, 2022.

So What
The offering price was SAR 150 per share and the IPO was covered by 342.69%.

Now What
Stock trading will be within daily price fluctuation +/- 30%.

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