EGX boss expects healthy IPO pipeline in 2018

IPO WATCH- Healthy pipeline of IPOs for 2018, Farid says. Eight companies have reportedly begun procedures to list on the EGX, said bourse boss Mohamed Farid. Among them are companies in the real estate and tourism sector, he added without naming names. Up to six companies, primarily in petrochemicals and finance, have begun talks and inquiries into listing, said Farid, according to AMAY.

Separately, the EGX is planning an investor roadshow to Asia in 1Q2018 targeting markets including Hong Kong, Malaysia and Singapore, said Farid.