IPO WATCH- Odin subsidiary Emerald for Project Management to make Nilex debut next year: Odin Investments plans to IPO subsidiary Emerald for Project Management & Development on the small-cap Nilex at the end of 2020 or beginning of 2021, CEO Hashem El Sayed told Al Mal. Odin has been the only company to float shares on the EGX in 2020, listing a 28% stake in its Emerald Real Estate Investment subsidiary before the pandemic hit in February. The retail EGP 202 mn offering that was more than 17x oversubscribed.

Tags: