Emaar Misr sets IPO price at 3.8 Egyptian pounds per share | The National:
"Egypt’s Emaar Misr has priced its initial public offering at 3.8 Egyptian pounds (Dh1.82) per share, its parent firm Emaar Properties said on Thursday.
Emaar said earlier this month the offer would be priced at between 3.5 pounds and 4.25 pounds per share.
Emaar Misr is floating 12.99 per cent of the company, amounting to 600 million shares. Of these, 510 million have been allocated to institutional investors. This tranche was 11 times oversubscribed, Dubai-listed Emaar said in a statement to Dubai Financial Market."
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