Saudi online cosmetics retailer Nice One explores stock exchange listing

Adgully Bureau |

Nice One, the online cosmetics retailer based in Saudi Arabia, is considering a listing on the local stock exchange, according to sources informed by Bloomberg.

The company has requested proposals from banks regarding potential participation in the initial public offering (IPO), though specific details on the IPO's size and timing are yet to be determined, as discussions are still ongoing.

Established in 2016, Nice One is part of the growing landscape of technology startups in the Middle East exploring the possibility of IPOs.

In a related development, Bloomberg had previously reported in November that Floward, an online business specializing in flower and gift deliveries, was collaborating with banks for a potential listing later in the year.

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