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Market Chatter: Saudi Arabia's NourNet Enlists HSBC, Goldman Sachs for Potential IPO

MT Newswires·07/13/2026 06:36:48
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06:36 AM EDT, 07/13/2026 (MT Newswires) -- Saudi technology company NourNet has enlisted HSBC Holdings (HSBA.L) and Goldman Sachs Group to work on a potential initial public offering, Bloomberg News reported Monday, citing people familiar with the matter. The share sale is expected to take place as early as 2026, according to the people. Alternative asset manager Investcorp Holdings owns a majority stake in NourNet. NourNet, HSBC and Goldman Sachs did not immediately respond to MT Newswires' requests for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)