IPO WATCH- Mubasher’s brokerage firm acting as broker in Emerald IPO: Mubasher Capital Holding for Financial Services’ trading arm is acting as a broker in the IPO of real estate investment firm Emerald, Vice Chairman Ehab Rashad said. Emerald kicked off its private placement and public offering last Wednesday, marking Egypt’s first IPO this year. The offering’s lead manager is Odin Investments, which is an indirect shareholder in Emerald through its holdings in the Egyptian Real Estate Fund (EREF).

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