United Bank’s IPO has caught the attention of the international pages, with Bloomberg and Reuters putting the offering under the spotlight. The offering comes as the Madbouly government “presses ahead with a privatization program being encouraged by the International Monetary Fund,” Bloomberg wrote.

Remember: The Central Bank of Egypt-owned lender kicked off its planned offering on theEGX yesterday, offering shares for up to EGP 15.60 a pop in a private placement. The total offering could see the bank raise up to EGP 5.1 bn by floating 330 mn of its shares — equivalent to a 30% stake.

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