Retail offering of CI Capital IPO was 29.45x oversubscribed

IPO WATCH- The retail offering tranche of CI Capital’s IPO on the Egyptian Exchange was 29.45x oversubscribed traders said, according to Reuters. The firm generated orders worth EGP 9.9 bn (USD 560 mn) during the book-building process and the institutional offering, which was c.6.1x oversubscribed. CI Capital had priced the share in at EGP 7.70. Trading should start on 30 April.