Latest in Tag: IPO Highlight
Latest in Tag: IPO
EFG Hermes completes advisory on $378m IPO of Riyadh Cables on Saudi Stock Exchange
The listing saw RCGC offer 33,000,000 ordinary shares, representing 22% of its share capital, at a price of SAR 43.00/share, implying a total market capitalization of SAR 6.45bn. The transaction garnered significant traction from regional and global investors, having been 72x oversubscribed on the institutional tranche. Trading on the company’s shares commenced today, with RCGC listed under the ticker 4142.
EFG Hermes advises on IPO of Taaleem worth $204m
Taaleem issued 250m new ordinary shares, representing 25% of its share capital. The shares were priced at the high end of the indicative price range at AED 3.00/share, implying a total market capitalisation of AED 3bn.
Hermes UAE chosen to coordinate global IPO of Taaleem Holding Group on Dubai Financial Market
The group seeks to raise about AED 750m from the offering and will use the proceeds from the offering mainly to expand the category of the K-12 premium sector (from kindergarten to high school) through the expected development of four new distinguished schools in distinct locations in Dubai and Abu Dhabi.
Ebtikar for Investment Finance postpones IPO due to market conditions
Vodafone Egypt to acquire an additional 10% of Bee and Masary
Ghazl El-Mahalla IPO sees 61.5% subscription in two days
The subscription requests on Monday reached about 97 for a total of 605,000 shares.
IPO of Ghazl El-Mahalla FC on EGX to take place next Sunday
Prime Capital will promote and cover the subscriptions.
EFG Hermes concludes joint bookrunner role on $2bn IPO of Borouge on ADX
Borouge, one of the world’s leading providers of advanced polyolefin solutions, listed 3.0 billion shares today — 10% of its share capital — at a share price of AED 2.45, indicating a market capitalization of AED AED 73.6 billion (USD 20 billion).
EFG Hermes completes advisory on $6.1bn IPO of state-owned DEWA on the DFM
This is the largest ever listing in the Middle East since 2019 and a first-of-its-kind transaction of a public company in Dubai.
Brmaja completes registration with MCDR in preparation for IPO
Brmaja is a subsidiary of an international group that operates in 16 countries around the world, including eight Arab and African countries. The Egyptian market is on its priority list for expansion, growth, and access to more African and global markets in light of the full government support for all digital transformation processes in Egypt.
IPO of state-run fintech platform ‘e-finance’ expected to be covered 50 times
Despite optimism among EGX traders about e-finance offering, inflation and energy crises threaten continuation of market rise
Government IPO programme to resume before 2021-end: Minister of Planning
e-finance to be first government IPO in November: Sources
Subscription to Taleem’s IPO continues until 1 April
Taaleem is offering 17.9 million shares in retail portion of its IPO
Infinity expected to IPO as it builds energy platform across Africa
Company is expected to distribute dividends in Q1 of 2021
CI Capital’s Taaleem for education management to conclude IPO by H1 2021 end
Taaleem reported EBITDA margin north of 50%, while being cash rich, debt free in FY 2019/20
TAQA Arabia’s IPO may stretch beyond Q1 of 2022
Company planning to add 40 CNG stations this year as part of expansion
Timing in Egypt is right for IPOs: Financial Regulator
Total of 4 insurance companies have applied for property insurance licence, said FRA Vice-President
CI Capital’s Taaleem to conclude IPO in H1 of 2021
Taaleem reports EBITDA of over 50% in FY 2019/20
TAQA Arabia contracts with Grant Thornton for IPO evaluation
TAQA Arabia is 55.9% owned by Qalaa Holdings. It is expected to continue reporting strong profit growth via its energy distribution activities.
HHD cancels IPO plan, sets self-financing strategy
HHD Chairperson Hany El-Deeb told Daily News Egypt that the IPO plan has been cancelled and replaced by another one for self-financing of the company’s expansions. This would happen by restructuring the untapped assets.
Aramco shares surge by 10% as landmark IPO starts trading hitting $1.88trn market value
EFG Hermes concludes advisory on Aramco IPO as it ramps up Saudi market operations
E-finance IPO to be completed by January 2020: chairperson
25% expected growth in company’s profits in 2019, says Sarhan
World’s most profitable firm gets go-ahead for $1.5trn IPO
Aramco will release its IPO prospectus on 9 November
The IPO of ALCN postponed to 2020 because of weak liquidity
18% decline in the company’s revenue in Q1FY20 as a result of lower number of containers dropping by 18%
NFO of Afaq fund closes, coverage exceeds target
Mohamed Mostafa, managing director of the Arab African Investment Management, said the size of the offering will be announced on Monday.
EGX attractiveness wins after new interest rate cut
Decline in return on investment revives EGX investments in tandem with IPO activity
EFG Hermes earnings reach EGP 304m on operating revenues of EGP 1.1bn
Large private company to be offered on EGX by November
Fawry’s private placement, IPO oversubscribed for 16, 1.8 times, respectively
IPO to close tomorrow, trading begins on Thursday
Cautious optimism at EGX this week
Fawry’s IPO is likely to boost hopefulness in market, Eid holiday signals calm trading
NI Capital sets deadline for managing bids of Sidpec’s IPO by 5 August
Bidding firms are Hermes, CI Capital, Beltone Financial, HC, and Pharos
EGX relies on Fawry IPO to recover, break out of sideways range
Most of this liquidity will come from Fawry IPO which is expected to energise the Egyptian Exchange (EGX), increasing the chances of profit through the expected rise in stock prices.