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Tuesday, 29 August 2017

Frontera warns that major EGX listings in the past show (USD) losses

Emerging markets investment portal Frontera warns that large IPOs in Egypt since 2004 have been followed by large losses. The caveat there is that they are looking at the offer-to-date return on USD-denominated stock price. The piece is attempting to give context to the government’s plan to list stake in publicly-owned companies on the EGX.

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