• Wednesday, 9 February 2022

    Abu Dhabi ports shares surge on ADX following IPO + Dubai’s SHUAA wants to SPAC

    Shares in Abu Dhabi Ports jumped as much as 17% on its ADX debut yesterday, marking the latest success for Gulf listings, Bloomberg reports. The company, which is majority-owned by Abu Dhabi sovereign wealth fund ADQ, raised USD 1.1 bn...
  • Wednesday, 9 February 2022

    EGX executes Macro IPO

    The EGX has executed the sale of shares to investors who subscribed to Macro Group’s IPO, which saw it offer a 45.8% stake to institutional and retail investors over the past week, the bourse said yesterday. Macro raised EGP 1.3...
  • Tuesday, 8 February 2022

    Are NFTs really booming — or are traders having us on?

    All is not quite as it seems in the pixelated, unregulated world of NFTs: “Irregular sales” on nonfungible token (NFT) trading platforms are raising eyebrows among crypto insiders, who say that many multi-bn USD transactions on the digital assets may...
  • Monday, 7 February 2022

    Redcon revives IPO plans

    Redcon Construction is looking to make its EGX debut in 4Q2023 or 1Q2024, Vice Chairman Ahmed Abdallah told Enterprise, confirming a report by Hapi Journal. Redcon — the parent company to a group of 10 firms in several sectors including...
  • Monday, 7 February 2022

    THIS MORNING: AFCON final sees Pharaohs lose to Senegal + Retail portion of Macro Group’s IPO 32x oversubscribed so far

    Good morning, nice people. We’re still licking our wounds after the national team’s loss in last night’s Afcon final, so let’s just get that out of the way up top, shall we? The Pharaohs walked away with silver medals after...
  • Sunday, 6 February 2022

    Macro Group sees strong demand from retail investors ahead of IPO

    The retail component of Macro Group Pharma’s IPO was 6.49x oversubscribed at the close of Thursday’s trading session, Amwal Al Ghad reports, citing unnamed sources. Retail investors have requested some 85.9 mn shares so far, with subscription set to close...
  • Sunday, 6 February 2022

    Swvl receives funding boost ahead of Nasdaq SPAC merger + Anghami starts trading

    The EBRD is backing Swvl ahead of Nasdaq debut: Egypt-born, UAE-based mass transit app Swvl has new investors on board as it gears up to go public on the Nasdaq via a SPAC merger, the firm announced on Wednesday. The...
  • Thursday, 3 February 2022

    Macro Group’s IPO has arrived

    THE BIG STORY TODAY- Is Macro Group’s IPO upon us? Macro Group Pharma wrapped up the private placement portion of its IPO yesterday and could make its EGX debut next week after the retail subscription period ends, Bloomberg Asharq reports....
  • Thursday, 3 February 2022

    THIS MORNING: Match day + interest rate day + PMI day, all rolled into one

    Well, friends, we’ve once again made it through another workweek together, and our reward is another flood of news. THE BIG STORY THIS MORNING here at home? It’s got to be IPOs, where Macro now looks set to pull the...

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