Banque du Caire expected to start trading on EGX after IPO priced at EGP 5.30

Banque du Caire is expected to start trading on the Egyptian Exchange (EGX) today after its IPO priced at EGP 5.30 a share. Retail investors placed orders for 27 times the shares on offer, and shares worth up to 45% of the bank, around EGP 36.4 billion, were sold.

Detected & updated continuously · Source: Nebula