12 funds acquire 53% of Dice shares

IPO WATCH- A group of 12 Gulf and international institutions have reportedly been allocated stakes equivalent to 53% of Dice Sport and Casual Wear as part of the company’s ongoing IPO, taking all of the 28.089 mn shares in the institutional offering, Al Mal reports. Rasmala and EFG Hermes are among those who took positions, unidentified sources tell the newspaper. Dice had announced on Saturday that it has priced its offering of ordinary shares on the EGX at EGP 22.60, and that its institutional offering was 3.1x oversubscribed.