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Tuesday, 13 March 2018

Book-building for B Investments retail offering will launch today

IPO WATCH- Book-building for B Investments retail offering will launch today: Our friends at BPE Holding for Financial Investments (better known as B Investments) will begin taking orders for the retail offering of 5,000,000 shares today as part of the book-building process to list a total of 43,131,554 shares this month. Bookbuilding for the private placement of 38,131,554 shares began earlier this month and is expected to continue until 25 March. Proceeds of the IPO and capital increase will be used to grow the company’s current portfolio through acquisitions and new investments, the company had said. Sigma Capital is the sole coordinator and bookrunner, while Zaki Hashem & Partners are acting as legal counsel to the issuer.

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