IPO WATCH- Rameda hires Baker Tilly-Wahid Abdel Ghaffar for fair value report ahead of IPO: Pharma manufacturer Rameda has tapped Baker Tilly International’s Cairo partner, Wahid Abdel Ghaffar & Co, to conduct a fair value study on Rameda shares ahead of a planned IPO, sources close to the matter said. The report is expected to be complete within two weeks, at which time Rameda will formally submit its listing documents to the Financial Regulatory Authority for approval. Sources had previously told Enterprise that the EGP 1.9-2.3 bn transaction will include both primary and secondary sales that will see 35-45% of the company in freefloat. The transaction will include both a domestic retail offering and an international institutional offering.

Advisers: CI Capital will be joint global coordinator and sole bookrunner, while Compass Capital will be joint global coordinator and lead manager. Zaki Hashem has been tapped to serve as counsel to the underwriters. Norton Rose Fulbright will be international counsel to the issuer, with Matouk Bassiouny as local counsel to the issuer. E&Y is Rameda’s auditor.