Emaar Misr scales back pricing of Egyptian IPO | The National:
"The share price range for the upcoming IPO of Emaar Properties’ Egyptian subsidiary on the Cairo stock market will be announced on Thursday, The National has learned.
Emaar Misr shares in the initial public offering will each be priced at a maximum of 4.49 Egyptian pounds (Dh2.15), as approved by the bourse regulator.
A banking source close to the deal told The National on Monday that the price range that will be included in the offer’s prospectus will be announced on Thursday and would likely come in below the 4.49 Egyptian pounds upper limit to give “a discount to fair value to encourage investors”. "
'via Blog this'
No comments:
Post a Comment