CIRA to kick off international IPO roadshow next week
IPO WATCH- CIRA to kick off international IPO roadshow next week: Cairo Investment and Real Estate Development (CIRA) is planning to kick off next week its international roadshow for its upcoming IPO, sources close to the matter said yesterday. The leading private-sector education outfit is specifically eyeing markets in the Gulf, Europe, and South Africa, according to the sources. CIRA had announced on Monday its plans to list a 37.48% stake on the EGX, with the transaction set to include both an international private placement and a retail offering here in Egypt.
Advisers: EFG Hermes is sole global coordinator and bookrunner for the transaction. Al Tamimi & Co. is acting as the issuer’s local counsel, while Zulficar & Partners is domestic counsel to the underwriter. White & Case is international counsel to the issuer, while Gide Loyrette Nouel is doing duty for the global coordinator and bookrunner. Inktank Communications is serving as investor relations advisor to CIRA.