• Monday, 2 December 2019

    Rameda retail offering 1.6x oversubscribed on second day of subscription

    IPO WATCH- Rameda retail offering 1.6x oversubscribed on second day of subscription: Rameda Pharma’s retail offering was 1.6x oversubscribed at the end of the second day of subscription yesterday, according to the local press. Retail investors bid for 29.96 mn...
  • Monday, 2 December 2019

    HHD 10% stake + management contract to be awarded at the end of January -Tawfik

    EXCLUSIVE: HHD 10% stake + management contract to be awarded at the end of January -Tawfik: NI Capital will choose by the end of January the strategic investor to take over management of Heliopolis Housing & Development (HHD) along with...
  • Sunday, 1 December 2019

    Rameda Pharma retail offering oversubscribed on first day

    IPO WATCH- Rameda Pharma retail offering oversubscribed on first day: The retail component of Rameda’s IPO was oversubscribed at the close of play on Thursday, market sources told the local press. Retail investors put in orders for 19.65 mn shares,...
  • Thursday, 28 November 2019

    FRA gives Rameda green light on public subscription notice

    IPO WATCH- Market regulator gives Rameda green light on public subscription notice: The Financial Regulatory Authority (FRA) has approved Rameda Pharma’s public subscription notice (pdf) to local investors for its initial public offering on the EGX, according to a statement...
  • Wednesday, 27 November 2019

    Rameda prices its IPO at EGP 4.66 per share

    IPO WATCH- Rameda has priced its IPO at EGP 4.66 per share: Rameda Pharma has announced (pdf) that it will offer 376,606,000 shares at a price of EGP 4.66 per ordinary share in an initial public offering on the EGX....
  • Monday, 25 November 2019

    Gourmet Egypt looks to regional expansion and could consider IPO, CEO tells Enterprise’s Making It

    IPO WATCH- An IPO may be in Gourmet Egypt’s future, founder and CEO Jalal Abu Gazaleh told Making It, Enterprise’s first podcast. The food retailer and manufacturer also has regional expansion on his mind something, he said, in an interview...
  • Monday, 25 November 2019

    TAQA Arabia to sell 30% stake in IPO on Egypt’s bourse next year

    IPO WATCH- TAQA Arabia to IPO 30% next year, exact timing to depend on market conditions: Qalaa Holdings is planning to sell 30% of subsidiary TAQA Arabia’s shares in an IPO as early as next year,sources close to the transaction...
  • Sunday, 24 November 2019

    Egyptian exchange issues new regs on book-building process for IPOs, secondary offerings

    REGULATION WATCH- EGX issues new regs on book-building process for IPOs, secondary stake sales: The Egyptian bourse has issued new regulations allowing companies to amend the timeline for receiving orders during the book-building phase of an IPO or stake sale...
  • Sunday, 24 November 2019

    What we’re tracking on 24 November 2019

    The capital city’s rumor mill is still in overdrive above a potential cabinet shuffle even though there were no developments over the weekend. The latest speculation out of the domestic press is that Ain Shams University professor Mahmoud El Meteiny...

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