Saudi Arabia’s Nice One Soars 30% in Debut as IPO Rush Continues
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Nice One Beauty Digital Marketing Co. surged in its debut after a $320 million initial public offering in Riyadh, the latest listing in Saudi Arabia to see a strong start.
Shares in the online cosmetics retailer jumped to as much as 45.5 riyals ($12.1) apiece Wednesday. That’s up 30% — the maximum allowed — from the offer price of 35 riyals per share