Saudi Cosmetics Retailer Nice One Announces $320 Million IPO
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Saudi Arabian online cosmetics retailer Nice One Beauty plans to raise as much as 1.21 billion riyals ($322 million) with an initial public offering in Riyadh, adding to a flurry of listings in the kingdom this year.
The firm will offer a 30% stake at 32 riyal to 35 riyals per share, according to a statement on Sunday. At the top end of that price range, the firm would be valued at 4 billion riyals.