IPO WATCH- Emerald’s IPO retail component 17.7x oversubscribed: Retail investors have put in orders for 61.9 mn shares for Emerald Real Estate’s public offering on the final day of subscription yesterday, leaving the retail component 17.7x oversubscribed, reports Al Mal. The company had allocated 3.5 mn shares for the retail offering. The institutional component was, meanwhile, 1.3x oversubscribed, with orders placed for 89.1 mn shares from a total of 66.5 mn on sale. The Financial Regulatory Authority has published the prospectus (pdf) for the potential 28% sale.
More from Enterprise
Israel’s Arkia Airlines moves flights to Egypt’s Taba to bypass wartime airspace restrictions
Israel’s Arkia shifts some flights to Egypt as airspace tightens…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Private capital hasn’t frozen in MENA — but the exit playbook could change if the war drags on
PE and VC-backed companies were already pivoting to local exchanges…
Telda moves into investing with zero-fee stock trading
Telda claims users can sell a position and immediately spend…