21 Hrs
Source:
مصراوي
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Cairo IPO draws $500m
Banque du Caire listed its shares on the Egyptian Exchange in the largest offering in the exchange’s history, valued at more than EGP 36.3 billion. The offering comprised over 6.8 billion shares, representing 45% of the bank’s shares. It attracted more than half a billion dollars in funds transferred from abroad, while the bank’s market capitalization reached EGP 80.8 billion. The public offering tranche was more than 27 times oversubscribed, with international investment institutions participating.
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