• Sunday, 18 April 2021

    Taaleem net income up 17% in 1H FY2020-2021

    Higher education outfit Taaleem reported EGP 129.6 mn in net income during 1H FY2020-2021, rising 17.5% y-o-y from the year before, according to the company’s first earnings release (pdf) as a publicly traded company. Taaleem's revenues also rose 17.1% y-o-y...
  • Thursday, 15 April 2021

    What the markets are doing on 15 April 2021

    Coinbase shares closed at USD 328.28 on their debut on the Nasdaq yesterday, 31% higher than their USD 250 reference price, CNBC reports. This gave the cryptocurrency exchange — the first crypto firm to go public in the US —...
  • Wednesday, 14 April 2021

    What the markets are doing on 14 April 2021

    The biggest SPAC acquisition ever is coming out of Singapore as ride-hailing and food delivery platform Grab is going public on the Nasdaq through a record breaking USD 39.6 bn agreement that will see it merge with a US-based SPAC...
  • Sunday, 11 April 2021

    TONIGHT: Macro postpones its IPO; Economic Reform Program 2.0 is coming

    Good afternoon, everyone, and we hope you already stacked your fridge over the weekend. THE BIG STORY AT HOME as we kick off this new week: Macro Group is postponing its IPO on the Egyptian Exchange despite strong appetite from...
  • Thursday, 8 April 2021

    What the markets are doing on 8 April 2021

    The British company that owns the biotechnology behind the Oxford / AstraZeneca jab is going public — in the US. Oxford-based Vaccitech is reportedly filing for an IPO on the Nasdaq and could price the sale as early as this...
  • Tuesday, 6 April 2021

    TONIGHT: Two big IPOs and the jaw-fest in Kinshasa are keeping us on the edges of our seats

    Good afternoon, wonderful people, and happy almost-almost-THURSDAY. It’s a brisk but unremarkable afternoon, but there’s big news around the corner that has us sitting on the edge of our seat: HAPPENING NOW- Finance nerds have plenty to watch as two...
  • Tuesday, 6 April 2021

    Also on our Radar on 6 April 2021

    Egypt is planning to develop six “new cities” across the country, as part of its urban development plans, Deputy Housing Minister Walid Abbas said at a real estate conference yesterday. The government is currently conducting feasibility studies on the new...
  • Monday, 5 April 2021

    What the markets are doing on 5 April 2021

    Morocco’s debt is now rated junk after S&P downgraded the north African country’s long-term FX and local currency rating to BB+ from BBB-, citing expectations of slow “budgetary consolidation over 2021-2024,” according to Bloomberg. S&P says the rating outlook is...
  • Sunday, 4 April 2021

    Retail investors have big appetite for Taaleem

    Retail investors poured into higher education management company Taaleem’s IPO last week, leading the retail portion of the offering to close more than 29x oversubscribed on Thursday, bookrunner CI Capital announced, according to Al Mal. Retail investors placed bids for...

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