Buzz around IPOs in Egypt “getting louder”

The buzz around IPOs in Egypt is “growing louder,” Tarek El Tablawy writes for Bloomberg, citing the upcoming listings of CI Capital and B Investments. “We see the market is right, and the company is in the right stage, so we decided: ‘Let’s go’ … The market is doing very well right now, and Egypt is in a good spot for public offerings,” B Investments’ Alaa Saba says. “While the potential to increase participation by Egyptians in stock-market investment is large, some of the biggest companies may wait with IPO plans until the central bank fulfills economists’ forecasts of interest-rate cuts, said Allen Sandeep, head of research at Naeem Brokerage.” He expects the bigger listings to come in 2H2018.