IPO WATCH- CI Capital’s IPO raised EGP 1.7 bn, the EGX said in a statement on Thursday carried by Reuters. The institutional offering was c.6.1x oversubscribed, while the retail offering tranche of CI Capital’s IPO on the Egyptian Exchange was 29.45x oversubscribed. Trading of the firm’s shares, which will open at EGP 7.70 each, is set to begin tomorrow (Monday, 30 April).

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