• Thursday, 1 April 2021

    Global IPO activity absolutely smashed it in 1Q2021, what’s the catch?

    Global IPO activity had its best first quarter in history, with proceeds raised throughout the first three months of 2021 more than 6x what was raised during 1Q2020. New listings so far into the year made a whopping USD 220...
  • Wednesday, 31 March 2021

    Burnin’ up

    …And while we’re on the subject of IPOs: We could see five or six new listings hitting the EGX in 2021, which may pave the way for the return of institutional investors into the market, EGX Chairman Mohamed Farid tells...
  • Wednesday, 31 March 2021

    SFE to set up an entity for its real estate assets, with an eye to IPO

    The Sovereign Fund of Egypt (SFE) could roll its real estate assets into a new entity that it will eventually IPO on the EGX, SFE CEO Ayman Soliman tells Al Mal. The fund will set up a company or a...
  • Sunday, 28 March 2021

    Re-energized small-cap index coming to a market near you at the end of the year

    The EGX30 ended today’s session flat on turnover of EGP 685 mn (53.5% below the 90-day average). Foreign investors were net sellers. The index is up 0.2% YTD.In the green: Pioneers (+3.3%), Oriental Weavers (+2.2%) and Telecom Egypt (+2.1%).In the...
  • Sunday, 28 March 2021

    What the markets are doing on 28 March 2021

    US stocks hit record high… Vaccine optimism continued to drive a US equities boom last week with the S&P 500 climbing 1.7% to a fresh all-time high, Bloomberg reports. The market saw the biggest single-day gain in three weeks, helped...
  • Sunday, 28 March 2021

    Taaleem appears to bump up guidance on price range for IPO

    Taaleem Management Services will sell its shares at up to EGP 6.20 apiece in an initial public offering on the EGX after receiving Financial Regulatory Authority approval (pdf) on Thursday, the company said in a statement to the EGX (pdf)....
  • Sunday, 28 March 2021

    What the markets are doing on 28 March 2021

    US stocks hit record high… Vaccine optimism continued to drive a US equities boom last week with the S&P 500 climbing 1.7% to a fresh all-time high, Bloomberg reports. The market saw the biggest single-day gain in three weeks, helped...
  • Sunday, 28 March 2021

    Taaleem prices IPO above guidance

    Taaleem Management Services will sell its shares at EGP 6.20 apiece in an initial public offering on the EGX after receiving Financial Regulatory Authority approval (pdf) on Thursday, the company said in a statement to the EGX (pdf). The company...
  • Thursday, 25 March 2021

    What the markets are doing on 25 March 2021

    Robinhood could soon have an IPO in the works: US stock-trading app Robinhood has confidentially submitted paperwork to US regulators for a Nasdaq IPO that could take place in the next few months, the Financial Times reports, citing an unnamed...

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