Trading on Dice shares to begin on Tuesday

IPO WATCH- Trading on Dice Sport and Casual Wear shares will begin on Tuesday 14 November, with the opening price per share set at EGP 22.60, Al Borsa reports. Dice had announced last week that its domestic offering was 5.96x oversubscribed, while its institutional offering was 3.1x oversubscribed.

Separately, Qalaa Holdings announced on Thursday it has sold its entire 27% stake in Dice for around EGP 300 mn, according to Al Mal. EFG Hermes was the sole global coordinator and bookrunner for the offering and Matouk Bassiouny is local counsel.