Latest in Tag: IPO Highlight
Latest in Tag: IPO
RCC announces intention of IPO of ordinary shares at EGX
Raya Contact Center (RCC) announced today the offering of up to 48,994,000 existing ordinary shares, representing 48.99% of the company’s outstanding share capital listed on the Egyptian Exchange (EGX), currently owned by Raya Holding for Financial Investments, the selling shareholder. The offering will include an international offering to institutional investors, an Egyptian retail offering to …
MM Group submits IPO request to EGX to float 30% of its capital
IPO procedures to begin after EGX approval this week with a maximum price of EGP 6.06 per share, says El Hossary
New Urban Communities Authority offers 15 plots of land to private sector
Total area is 4,524 acres, and targeted investments exceed EGP 500bn
Snapchat parent announces IPO amid losses
Fast-growing social media company Snap has filed documents for a share offering, seeking to raise billions of dollars in a keenly anticipated Wall Street debut and after burning massive amounts of cash in recent years.California-based Snap seeks to raise up to $3 billion (2.78 billion euros) in what is expected to become one of the …
4 challenges facing upcoming IPO boom in EGX in 2017
Most challenges associated with threat of IPOs coverage, whether due to small size after pound’s flotation or companies’ profitability margins decline as a result of increased costs
Global institutions covered 60% of Obourland IPO: CI Capital
The company refused to lower the offering price below the fair value, say sources close to the offering
InterCairo Aluminum to cancel IPO procedures due to US dollar exchange hikes
The company froze its expansion plans due to its financial crisis resulting from the US dollar exchange hikes, with no intention to repeat the stock offering experience
Government should not exaggerate company assessments in order for IPO programme to succeed: EGX chairperson
Corporate structuring before an IPO is an essential step, which takes more than a few weeks or months
Establishing companies through IPO takes over amid government trend of financing through EGX
Government demands that it benefit from the exceptions made by the EGX in 2014 regarding launching companies established through IPO, especially in the infrastructure and agricultural sectors
Egypt to sign contracts in 3 months for shares of state-owned banks, oil companies on EGX
The IPO programme will span 5 years and priority is given to successful companies, while losing companies will be restructured first, says NI Capital CEO
Line messenger app shares soar in IPO
Priced high to begin with, Line shares shot up even further in value in its first day of trading. The chat app’s emojis have made it a hit in Asia, and investors seem confident that it’s success will spread.
Cleopatra Hospital shares begin trading on the EGX
International investors constituted the majority of orders for the institutional offering
Cleopatra Hospital announces final price for private placement
Cleopatra Hospital announced on Thursday the allocation of subscription requests and determining the final price for the private placement for financial institutions
AT Brokerage directs institutions and Arab investors to cover IPO of AT Lease
The company received purchase orders covering 97.65% of the IPO as of Thursday’s session
EFG-Hermes starts promoting Cleopatra Hospital’s IPO in four international markets
The four markets include the Gulf with Dubai at the forefront, London, the US, and South Africa
No serious steps taken so far to sell United Bank, offer shares of AAIB, Banque du Caire in IPO: CBE deputy governor
This issue is still being studied, and we are coordinating with Kuwait regarding the AAIB, says Negm
EPPC plans an IPO in mid-2017: Amwal Al-Khaleej executive
Amwal Al-Khaleej is targeting new investments in healthcare, pharmaceutical sectors in Egypt
Procedures for IPO of two companies in EGX to begin upon parliament’s approval of government programme: MP
Business sector did not use legal incentives such as securitisation, financial leasing to overcome liquidity crisis, says Desouky
CBE, international institutions begin assessing AAIB, Banque du Caire in preparation for IPO
Timing, price, and promotion are important factors for a successful launch on the EGX, says financial analyst
Domty announces indicative price range for its IPO
Arabian Food Industries Company Domty announced Thursday the indicative price range for an offering of up to 122.5m of existing ordinary shares, representing 49% of the Company’s outstanding share capitalised in the Egyptian Exchange (EGX)
Hermes promotes IPO of Domty in US, UK, South Africa, Gulf markets
EFG Hermes One-on-One Conference, research sector begins initial promotion among international financial institutions
LE 1.2bn estimated value of Domty IPO: Sources
Arabian Food Industries Company Domty announced today the offering of up to 122,500,000 existing ordinary shares representing 49% of the company’s outstanding share capital listed on the Egyptian Exchange (EGX) currently owned by the selling shareholders.
CBE’s launch of United Bank IPO contingent on approval of 2015 budget: Official
Budget is currently being reviewed by the CBE, ASA
Ministry of Supply plans FIHC IPO
Studies on FIHC IPO and commodity exchange market to be finalised before year’s end
EGX seeks to improve position in World Bank’s Doing Business report: Omran
Targets of stock market might be hindered due to low global economic growth, EGX’s chairman indicated
Giza Systems IPO delayed due to market turmoil
It is difficult to take the decision to offer under the difficult circumstances in the local and international stock markets, says Beltone Capital CEO
Sigma Capital to raise issued capital to EGP 100m in 2016
Two IPOs to be launched in pharmaceuticals and construction sectors by mid 2016
Fiat-Chrysler makes a killing from Ferrari IPO
After the US-Italian car giant brought a 10-percent stake of the legendary racing car brand to Wall Street last week, it has now announced gross proceeds of close to a billion dollars from the share issue. After closing the book on the Ferrari initial public offering (IPO) on Monday, Fiat-Chrysler Automobiles (FCA) said the sale …
Renaissance Capital reduces Edita’s target price to EGP 31.1 per share
Edita recorded net profits of EGP 148.2m in H1 of 2015
Emaar Misr net profit increases 283% in 1H of 2015
1H revenues records EGP 1.56bn