{"id":543484,"date":"2022-02-03T04:03:42","date_gmt":"2022-02-03T04:03:42","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/03\/macro-groups-ipo-has-arrived\/"},"modified":"2022-02-03T04:03:42","modified_gmt":"2022-02-03T04:03:42","slug":"macro-groups-ipo-has-arrived","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/03\/macro-groups-ipo-has-arrived\/","title":{"rendered":"Macro Group\u2019s IPO has arrived"},"content":{"rendered":"<p><strong>THE BIG STORY TODAY- Is Macro Group\u2019s IPO upon us? <\/strong>Macro Group Pharma wrapped up the private placement portion of its IPO yesterday and could make its EGX debut next week after the retail subscription period ends, <a href=\"https:\/\/www.asharqbusiness.com\/article\/32258\">Bloomberg Asharq<\/a> reports. Appetite from institutional investors was heavy, with the news outlet suggesting that the private placement was 1.8x oversubscribed. The offering to institutions covers 95% of the c. 264.5 mn shares the company putting up for grabs in the IPO.<\/p>\n<p><strong>Shareholders are offering 45.8% of the company for sale<\/strong>, with EFG Hermes pricing the offering at EGP 4.85 to EGP 5.55 per share, according to Macro\u2019s <a href=\"http:\/\/ir.macro-egy.com\/downloads\/MacroGroup-PriceRange-En.pdf\">price range release (pdf)<\/a> released last week. The Financial Regulatory Authority also gave the company the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/67e376a8-a8d5-4507-a4fb-3ee81552e365\">greenlight<\/a> last week to publish its public subscription notice.<\/p>\n<p><strong>When should shares start trading? <\/strong>Macro said last week that it expects the first day of trading to be on or around 10 February.<\/p>\n<p><strong>Macro is a huge player in its segment<\/strong>, with a more than 23% share of the cosmeceutical market in 2020 and a portfolio of 112 shop-keeping units (or SKUs) and generates sales by targeting physicians and pharmacies nationwide. Its in-house R&D capability see it with a pipeline of \u201cmore than 60 SKUs across a variety of high-growth, high-margin cosmeceutical and nutraceutical therapeutic areas\u201d that it expects to launch in the coming years.<\/p>\n<p><strong>Financials: <\/strong>Macro turned in a top line of EGP 417 mn in 9M2021 (up 37% year-on-year) and EBITDA of EGP 172 mn (+30% y-o-y) in the same period.<\/p>\n<p><strong>ADVISORS:<\/strong> Our friends at EFG Hermes are quarterbacking the transaction as sole global coordinator. EFG Hermes and Renaissance Capital are acting as joint bookrunners, while White & Case is counsel to the issuer. Dechert and Zaki Hashem & Partners are counsel to the joint bookrunners, while PwC has been appointed external auditor. <a href=\"https:\/\/www.inktankir.com\/\">Inktank<\/a> is investor relations advisor.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>THE BIG STORY TODAY- Is Macro Group\u2019s IPO upon us? Macro Group Pharma wrapped up the private placement portion of its IPO yesterday and could make its EGX debut next week after the retail subscription period ends, Bloomberg Asharq reports. Appetite from institutional investors was heavy, with the news outlet suggesting that the private placement [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":543485,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7224],"tags":[68,72,78,77,427],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-543484","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-egx","tag-enterpriseam","tag-ipo-watch","tag-macro-group","tag-pharma","wpautop","entry"],"acf":{"mongo_id":"18e68f20-0bbf-4f69-afae-028e84e5bb77","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/2\/34.jpg","photo_position":"above","related_issue":[543480],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Macro Group\u2019s IPO has arrived - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/03\/macro-groups-ipo-has-arrived\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Macro Group\u2019s IPO has arrived\" \/>\n<meta property=\"og:description\" content=\"THE BIG STORY TODAY- Is Macro Group\u2019s IPO upon us? Macro Group Pharma wrapped up the private placement portion of its IPO yesterday and could make its EGX debut next week after the retail subscription period ends, Bloomberg Asharq reports. Appetite from institutional investors was heavy, with the news outlet suggesting that the private placement [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/03\/macro-groups-ipo-has-arrived\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-03T04:03:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/34.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/03\/macro-groups-ipo-has-arrived\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/03\/macro-groups-ipo-has-arrived\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Macro Group\u2019s IPO has arrived\",\"datePublished\":\"2022-02-03T04:03:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/03\/macro-groups-ipo-has-arrived\/\"},\"wordCount\":304,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/03\/macro-groups-ipo-has-arrived\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/2\/34.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EGX\",\"EnterpriseAM\",\"IPO watch\",\"Macro Group\",\"pharma\"],\"articleSection\":[\"IPO\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/03\/macro-groups-ipo-has-arrived\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/03\/macro-groups-ipo-has-arrived\/\",\"name\":\"Macro Group\u2019s IPO has arrived - 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Macro Group Pharma wrapped up the private placement portion of its IPO yesterday and could make its EGX debut next week after the retail subscription period ends, Bloomberg Asharq reports. 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The company yesterday received approval from the Financial Regulatory Authority (FRA) to list on\u2026","rel":"","context":"In &quot;IPO&quot;","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/489.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":554280,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/28\/macro-group-scheduled-to-ipo-before-23-january-omran\/","url_meta":{"origin":543484,"position":1},"title":"Macro Group scheduled to IPO before 23 January -Omran","author":"enterpriseam admin","date":"28 December 2021","format":false,"excerpt":"Cosmeceuticals giant Macro Group Pharma is scheduled to IPO before 23 January, Financial Regulatory Authority (FRA) head Mohamed Omran told CNBC Arabia yesterday. The regulator gave Macro Group the greenlight on Sunday to offer up to 45.8% of its shares on the EGX, but its approval for the transaction that\u2026","rel":"","context":"In &quot;IPO&quot;","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/512.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543604,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/09\/egx-executes-macro-ipo\/","url_meta":{"origin":543484,"position":2},"title":"EGX executes Macro IPO","author":"enterpriseam admin","date":"9 February 2022","format":false,"excerpt":"The EGX has executed the sale of shares to investors who subscribed to Macro Group\u2019s IPO, which saw it offer a 45.8% stake to institutional and retail investors over the past week, the bourse said yesterday. Macro raised EGP 1.3 bn in the IPO, which saw it sell 264.5 mn\u2026","rel":"","context":"In &quot;IPO&quot;","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/117.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":565316,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/01\/one-step-closer-to-a-macro-group-ipo\/","url_meta":{"origin":543484,"position":3},"title":"One step closer to a Macro Group IPO","author":"enterpriseam admin","date":"1 April 2021","format":false,"excerpt":"Over 577 mn shares of Macro Group Pharma will be listed on the EGX on Monday ahead of the company\u2019s IPO, after the EGX listing committee approved the move yesterday, according to an EGX statement. Trading on shares is scheduled to begin on 19 April under ticker symbol MCRO.CA. The\u2026","rel":"","context":"In &quot;SPEED ROUND: IPO WATCH&quot;","block_context":{"text":"SPEED ROUND: IPO WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/308.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":542909,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/24\/moving-closer-to-macro-group-ghazl-el-mahalla-ipos\/","url_meta":{"origin":543484,"position":4},"title":"Moving closer to Macro Group + Ghazl El Mahalla IPOs","author":"enterpriseam admin","date":"24 January 2022","format":false,"excerpt":"The Financial Regulatory Authority (FRA) has given Macro Group the green light to publish the public subscription notice for its upcoming IPO, according to an FRA statement (pdf) dated 20 January. The group will sell up to 264.5 mn shares \u2014 or 45.8% of the company \u2014 at a maximum\u2026","rel":"","context":"In &quot;IPO&quot;","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/303.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567101,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/13\/macro-group-pharmaceuticals-to-offer-usd-100-mn-share-on-egx\/","url_meta":{"origin":543484,"position":5},"title":"Macro Group Pharmaceuticals to offer USD 100 mn share on EGX","author":"enterpriseam admin","date":"13 January 2020","format":false,"excerpt":"IPO WATCH- Macro Pharma looking to raise USD 100 mn in IPO: Macro GroupPharma is planning to sell an undisclosed number of its shares in an initial public offering on the EGX during 4Q2020 or 1Q2021, said Ahmed Rady, head of Alta Semper Direct Investment Company, which owns 60% of\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/543484","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=543484"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/543484\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/543480"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/543485"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=543484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=543484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=543484"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=543484"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=543484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}