Latest in Tag: IPO Highlight
Latest in Tag: IPO

EFG Hermes concludes advisory on Finablr’s £337m IPO on London Stock Exchange
Finablr is a global platform for payments and foreign exchange solutions, with holdings including the UAE Exchange, Travelex Holdings, Xpress Money, Unimoni, Ditto, and Remit2India, among others.

New offerings will attract new investors, new capital into Egyptian market: head of securities division at FEDCOC
Market anticipating offering of petroleum companies, banks’ stakes, marking turning point for Egypt’s economy

Banque du Caire restructuring plan underway ahead of possible Q3 2019 IPO
Lender set to float 30% stake aiming to raise EGP 10bn

Egypt shares to keep rally alive in mid-term as earning season goes on in full swing
Market expected to benefit from buzz around IPO government programme start

Egypt postpones government’s IPO programme amid emerging market speculation: OBG
Despite volatility, country has fared better than other emerging markets due to economic reforms, says chairperson of HC Securities

IPO’s high committee will look into first phase next month: Tawfik
Phase included floating 23 companies in banking, chemicals, petroleum, insurance sectors

Egypt needs to advance IPO programme: EBRD
Meticulous debt management mechanisms key to ensure repayment sustainability, says report

$349.9m raised through 4 MENA’s IPOs during Q3 2018: EY
IPO value increased year-over-year by 21.9%, compared to Q3 2017

Egypt shares fall in a thin trade amid uncertainty about government IPO programme
EGX30 loses 0.8% to close at 13,524.67 points as foreign investors dump local stocks

El Farasha revives IPO plans in Q3-2019, as it mulls expansion in the Egyptian market
Company to hire advisors to manage offering by year-end

Government IPO scheme launches in full swing with Eastern Company’s additional 4.5% stake
NI Capital picks up EFG Hermes to manage offering, says Moeit

Sarwa Capital IPO on EGX to include new shares, 40% of existing shares,52% net profit CAGR (2013-2017)
Beltone to act as sole global coordinator, bookrunner

Do legal concerns hamper Egypt’s government IPO programme?
Heads of government companies’ reservations were solved by reorganising programme in May, state official says

Egypt shares seen moving sideways as market lack to fresh stimulus
Government approval on first steps of its IPO programme expected to serve as a catalyst

Middle East IPO value falls, but expected to pick up in H2 2018: Baker McKenzie
Region`s IPO activity slows, geopolitics weigh on IPOs, but cross-border deals jump, says law firm

MG Developments to hire advisers as it mulls IPO by end-2019
Company plans to raise its capital to finance further expansion through stock market

Unionaire Group plans IPO as company mulls expansion
Deal expected to close end-September

CI Capital raises EGP 1.7bn in IPO on EGX, will launch trading on Monday
Investment bank said it aims to raise EGP 1.7bn

B Investments IPO oversubscribed 54 times one hour before closure
Share price at EGP 10.78, with 19% expected return, Mubasher Trade says

BPE Investments to launch IPO from 13-25 March
BPE Holding for Financial Investments, one of Egypt’s leading private equity companies, announced the release of its public subscription notice in the final steps leading up to the company’s initial public offering (IPO) of over 43,131,554 shares on the Egyptian Exchange from 13 to 25 March 2018 ,at a price of EGP 10.75 per ordinary …

Egypt to announce government IPO programme in 2-3 days: source
New programme aims to raise capital market volume

Enppi’s 24% IPO on EGX likely to take place in Q2: source
All legal, procedural hurdles related to sale have been cleared

BPE to list IPO to raise 30% of company capital at value of EGP 400m: Aladdin Saba
Negotiations for BPE acquisition of 3 food, high education, pharmaceutical companies

Egypt business environment improving: CI Capital
Company considers IPO to raise capital for further expansion

New Castle IPO on NILEX postponed on FRA decision
The IPO will take place within a month after getting the FRA’s approval in December, chairperson at Eagle Advisors says

Ibnsina Pharma set final IPO price at EGP 5.8 per share
The IPO has been oversubscribed 17.1 times through more than 500 institutions and individuals

Investment Ministry discusses IPO of Enppi
The IPO programme aims to activate the stock market, enhance transparency and governance, and attract foreign investments, says Nasr

IPO and earnings to watch in a week
Ibn Sina hires Beltone to manage IPO on EGX Ibn Sina Pharma plans to offer part of its shares on the Egyptian Exchange (EGX) by the end of 2017, Ibn Sina’s managing director Amr Abdel Gawad told Al Borsa news. The pharmaceutical firm hired Beltone Financial Holding to manage its stake sale, or initial public …

Baker McKenzie, Matouk Bassiouny, Zulficar, Zaky Hashem compete to provide legal consultation for ENPPI’s IPO
The IPO procedures allow lawyers to present their bids for the competing investment banks

Germany’s Delivery Hero set for IPO this year
The Berlin-headquartered start-up says its public listing will help it dominate the growing online meal delivery market. The food ordering platform features more than 150,000 restaurants in 40 countries.Amid an already competitive food delivery market, Delivery Hero said on Tuesday it plans to raise around 450 million euros ($506 million) from an initial public offering …