Ibnsina submits IPO paperwork to the EGX

IPO WATCH- Ibnsina Pharma has submitted paperwork to the bourse to begin procedures for its initial public offering, according to a disclosure. The company is looking to offer 25% of its shares on the EGX before the end of 4Q2017, Al Mal says. Ibnsina had tapped Beltone Financial back in July to manage the listing. The nation’s fastest-growing pharma distributor is raising capital to fund planned expansions, Ibnsina said in its intention to float in September.