A leading beauty care e-commerce platform in Saudi Arabia, Nice One Beauty, is set to launch an initial public offering (IPO) in Riyadh, aiming to raise up to $322M.
A leading beauty and care e-commerce platform in the Kingdom, Nice One Beauty’s product range includes cosmetics, body care items, lenses, perfumes, skincare and haircare products, as well as nutritional supplements.
These offerings feature more than 1,200 leading international and local brands, along with Nice One’s own exclusive brands.
According to Nice One, the company had obtained the necessary approvals from the CMA and Saudi Exchange to proceed with the offering and listing process. These shares will be offered for subscription to individual subscribers and participating parties.
A maximum of 34,650,000 ordinary shares (representing 100 per cent of the offer shares), will be allocated to the participating parties initially, with the final allocation being made after the end of the retail subscription period.
