Banque du Caire IPO Oversubscribed 27.08 Times Ahead of EGX Debut
The public share offering drew orders for nearly 9.291 billion shares. Trading is expected to begin on the Egyptian Exchange on November 2.
By Staff WriterArab Finance: Banque du Caire’s public share offering closed with demand reaching 27.08 times the shares available, as investors ordered nearly 9.291 billion shares ahead of the bank’s expected trading debut on the Egyptian Exchange (EGX) on November 2.The subscription results showed…