• Sunday, 4 December 2022

    The US IPO market has really not had a good 2022

    IPO proceeds at the New York Stock Exchange fell 93% this year as public offerings dwindle due to inflationary headwinds and rising interest rates, NYSE President Lynn Martin said at a Reuters conference. Fresh listings on the world’s biggest exchange...
  • Wednesday, 30 November 2022

    Taaleem shares drop on DFM debut + HSBC is getting out of Canada

    Rough start to Taaleem’s Dubai debut: UAE school operator Taaleem Holding’s shares closed down 15% yesterday to AED 2.55 on its first day of trading on the DFM, according to market data. The company raised AED 750 mn after selling...
  • Tuesday, 22 November 2022

    THIS MORNING: Gov’t in no hurry to restart IPO program + Nafeza’s air freight rollout pushed back indefinitely

    Good morning, wonderful people, and happy hump day. COP is now in our rearview, and our reward is a massive bolus of business news, only some of which is linked to climate. Still need some climate news? Head over to...
  • Monday, 21 November 2022

    SFE pre-IPO roadshow on ice for the coming weeks

    A planned roadshow for the Sovereign Fund of Egypt’s pre-IPO fund by the Sovereign Fund of Egypt (SFE) has been pushed to late December or the beginning of January, Planning Minister Hala El Said said in an interview with Al...
  • Thursday, 17 November 2022

    FRA approves BdC IPO deadline extension

    Banque du Caire pushes IPO deadline to March 2023: The Financial Regulatory Authority (FRA) has allowed Banque du Caire (BdC) to postpone the deadline for finishing procedures to IPO on the EGX to 31 March 2023, it said in a...
  • Wednesday, 16 November 2022

    Empower climbs 2.3% on trading debut + Wow, is FTX a mess…

    Empower rises on Dubai debut: Shares of Dubai’s district cooling provider, Empower, rose 2.3% on their debut on the Dubai stock exchange yesterday. The company recently raised AED 2.7 bn (USD 724 mn) in an IPO that saw huge demand...
  • Thursday, 10 November 2022

    USD 100 oil a threat to global economy, says IEA head

    Three-figure oil = bad news for the global economy, says IEA chief: Oil prices moving back towards USD 100 a barrel will put more pressure on the global economy, the head of the International Energy Agency, Fatih Birol, said yesterday,...
  • Monday, 7 November 2022

    Exile on Wall Street?

    Swvl gets a first warning from Nasdaq over its low share price: Cairo-born ride-hailing startup Swvl has received a notice from the Nasdaq saying that it has 180 days to raise its share price or run the risk of being...
  • Sunday, 6 November 2022

    Empower expands IPO on high demand (again)

    Emirates Central Cooling Systems (Empower) has for the second time bumped up the number of shares on offer in its IPO due to high demand. It will now offer a 20% stake in the company, up from 15%, raising as...

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