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Tuesday, 5 December 2017

Pharos running two IPOs in 1Q2018 worth a combined EGP 2 bn

IPO WATCH- Our friends at Pharos Holdings will be quarterbacking two IPOs in 1Q2018 worth EGP 1 bn a piece, said Sherif Abel Aal, who heads investment banking at the firm. Abdel Aal tells Al Borsa that one of the unnamed companies will be a financial services firm, hinting at the possibility that it was a fintech company. Pharos recently acted as the sell-side advisor on Cairo Three A’s acquisition of National Company for Maize Products, and has been tapped to prepare the fair value report for Global Telecom shares for a mandatory tender offer presented by GT shareholder Fion.

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