{"id":554236,"date":"2021-12-27T03:59:32","date_gmt":"2021-12-27T03:59:32","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/27\/macro-group-revives-ipo-plans-for-1q2022\/"},"modified":"2021-12-27T03:59:32","modified_gmt":"2021-12-27T03:59:32","slug":"macro-group-revives-ipo-plans-for-1q2022","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/27\/macro-group-revives-ipo-plans-for-1q2022\/","title":{"rendered":"Macro Group revives IPO plans for 1Q2022"},"content":{"rendered":"

Cosmeceuticals giant Macro Group Pharma may make its EGX debut\u00a0in the first quarter of 2022<\/b>, a source familiar with the matter told Enterprise, adding that the exact timeline for the IPO has not yet been set. The company yesterday received approval from the Financial Regulatory Authority (FRA) to list on the bourse, according to an\u00a0FRA statement (pdf)<\/a>, which said Macro Group plans to offer up to 45.8% of its shares in a transaction that could value the company at around EGP 3.5 bn.<\/p>\n

The pharma group plans to start the book building process from scratch<\/b>\u00a0after the holiday season ends, Enterprise has learned. Macro Group\u00a0postponed its IPO plans<\/a> at the last minute in April despite strong appetite from international institutional investors, citing concern for the market\u2019s capacity to absorb a packed offerings schedule on the EGX. The company was about to kick off retail subscription when the listing was postponed, with shares priced at between EGP 5.30-6.15 apiece<\/a> for a total listing value of EGP 3.1-3.6 bn.<\/p>\n

Favorable conditions pushing this forward:<\/b> \u201cThe current favorable market conditions have created the right climate for our company to move forward with our IPO plans, and we look forward to having new shareholders join our journey, the journey of Egypt\u2019s leading cosmeceuticals business,\"\u00a0 Macro CEO Hisham Wasfy told us.<\/p>\n

ADVISORS:<\/b>\u00a0EFG Hermes is 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.\u00a0Inktank<\/a> is investor relations advisor.<\/p>\n

More IPOs to hit the EGX:\u00a0<\/b>The FRA has also given approval for\u00a0Nahr Elkhair Development and Investment<\/a> to offer up to 61% of its shares in a transaction that could value the company at EGP 500 mn, according to the statement. Other private-sector companies who we could see make an entry on the EGX in 2022 include Abu Auf<\/a>\u00a0and\u00a0Ebtikar<\/a>, while others have recently suggested they\u2019re keeping an eye on market conditions.<\/p>\n

EDITOR'S NOTE: This story was corrected on 12 January, 2021 to reflect that the EGP 3.5 bn figure refers to the potential value of 100% of Macro Group's shares, not the 45.8% of shares set to be offered in the transaction. It was further corrected on 18 January, 2021 to reflect that, similarly, EGP 500 mn is the fair value estimate of Nahr Elkhair as a whole, not the 61% set to be offered.\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Cosmeceuticals giant Macro Group Pharma may make its EGX debut\u00a0in the first quarter of 2022, a source familiar with the matter told Enterprise, adding that the exact timeline for the IPO has not yet been set. The company yesterday received approval from the Financial Regulatory Authority (FRA) to list on the bourse, according to an\u00a0FRA […]<\/p>\n","protected":false},"author":1,"featured_media":554237,"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":[84,68,72,76,78,77,1982],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-554236","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-efg-hermes","tag-egx","tag-enterpriseam","tag-financial-regulatory-authority","tag-ipo-watch","tag-macro-group","tag-renaissance-capital","wpautop","entry"],"acf":{"mongo_id":"d209b00e-3051-472d-89d7-1bdc2b7588df","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/12\/489.jpg","photo_position":"above","related_issue":[554232],"teaser":"","voice_url":""},"yoast_head":"\nMacro Group revives IPO plans for 1Q2022 - 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\/2021\/12\/27\/macro-group-revives-ipo-plans-for-1q2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Macro Group revives IPO plans for 1Q2022\" \/>\n<meta property=\"og:description\" content=\"Cosmeceuticals giant Macro Group Pharma may make its EGX debut\u00a0in the first quarter of 2022, a source familiar with the matter told Enterprise, adding that the exact timeline for the IPO has not yet been set. The company yesterday received approval from the Financial Regulatory Authority (FRA) to list on the bourse, according to an\u00a0FRA […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/27\/macro-group-revives-ipo-plans-for-1q2022\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-27T03:59:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/489.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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/27\/macro-group-revives-ipo-plans-for-1q2022\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/27\/macro-group-revives-ipo-plans-for-1q2022\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Macro Group revives IPO plans for 1Q2022\",\"datePublished\":\"2021-12-27T03:59:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/27\/macro-group-revives-ipo-plans-for-1q2022\/\"},\"wordCount\":398,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/27\/macro-group-revives-ipo-plans-for-1q2022\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/489.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EFG Hermes\",\"EGX\",\"EnterpriseAM\",\"Financial Regulatory Authority\",\"IPO watch\",\"Macro Group\",\"Renaissance Capital\"],\"articleSection\":[\"IPO\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/27\/macro-group-revives-ipo-plans-for-1q2022\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/27\/macro-group-revives-ipo-plans-for-1q2022\/\",\"name\":\"Macro Group revives IPO plans for 1Q2022 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/27\/macro-group-revives-ipo-plans-for-1q2022\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/27\/macro-group-revives-ipo-plans-for-1q2022\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/489.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2021-12-27T03:59:32+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/27\/macro-group-revives-ipo-plans-for-1q2022\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/27\/macro-group-revives-ipo-plans-for-1q2022\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/27\/macro-group-revives-ipo-plans-for-1q2022\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/489.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/489.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/12\/27\/macro-group-revives-ipo-plans-for-1q2022\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Macro Group revives IPO plans for 1Q2022\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Macro Group revives IPO plans for 1Q2022 - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/27\/macro-group-revives-ipo-plans-for-1q2022\/","og_locale":"en_US","og_type":"article","og_title":"Macro Group revives IPO plans for 1Q2022","og_description":"Cosmeceuticals giant Macro Group Pharma may make its EGX debut\u00a0in the first quarter of 2022, a source familiar with the matter told Enterprise, adding that the exact timeline for the IPO has not yet been set. The company yesterday received approval from the Financial Regulatory Authority (FRA) to list on the bourse, according to an\u00a0FRA […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/27\/macro-group-revives-ipo-plans-for-1q2022\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2021-12-27T03:59:32+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/489.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/27\/macro-group-revives-ipo-plans-for-1q2022\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/27\/macro-group-revives-ipo-plans-for-1q2022\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Macro Group revives IPO plans for 1Q2022","datePublished":"2021-12-27T03:59:32+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/27\/macro-group-revives-ipo-plans-for-1q2022\/"},"wordCount":398,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/27\/macro-group-revives-ipo-plans-for-1q2022\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/489.jpg?fit=%2C&ssl=1","keywords":["EFG Hermes","EGX","EnterpriseAM","Financial Regulatory Authority","IPO watch","Macro Group","Renaissance Capital"],"articleSection":["IPO"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/27\/macro-group-revives-ipo-plans-for-1q2022\/","url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/27\/macro-group-revives-ipo-plans-for-1q2022\/","name":"Macro Group revives IPO plans for 1Q2022 - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/27\/macro-group-revives-ipo-plans-for-1q2022\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/27\/macro-group-revives-ipo-plans-for-1q2022\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/489.jpg?fit=%2C&ssl=1","datePublished":"2021-12-27T03:59:32+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/27\/macro-group-revives-ipo-plans-for-1q2022\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2021\/12\/27\/macro-group-revives-ipo-plans-for-1q2022\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/27\/macro-group-revives-ipo-plans-for-1q2022\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/489.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/489.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/27\/macro-group-revives-ipo-plans-for-1q2022\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Macro Group revives IPO plans for 1Q2022"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/489.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/489.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/489.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":554280,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/28\/macro-group-scheduled-to-ipo-before-23-january-omran\/","url_meta":{"origin":554236,"position":0},"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 "IPO"","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":542727,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/13\/one-step-closer-to-macros-ipo\/","url_meta":{"origin":554236,"position":1},"title":"One step closer to Macro\u2019s IPO","author":"enterpriseam admin","date":"13 January 2022","format":false,"excerpt":"Cosmeceuticals giant Macro Group\u2019s shares will be listed on the EGX today after receiving the blessing of the bourse\u2019s listing committee yesterday, according to an EGX statement (pdf) yesterday. The listing will pave the way for company\u2019s plan to offer up to 45.8% of its shares (which will trade under\u2026","rel":"","context":"In "IPO"","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\/152.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":554236,"position":2},"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 "IPO"","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":554236,"position":3},"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 "Speed Round"","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":[]},{"id":543484,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/03\/macro-groups-ipo-has-arrived\/","url_meta":{"origin":554236,"position":4},"title":"Macro Group\u2019s IPO has arrived","author":"enterpriseam admin","date":"3 February 2022","format":false,"excerpt":"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\u2026","rel":"","context":"In "IPO"","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\/34.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566078,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/26\/macro-group-taps-efg-hermes-rencap-as-advisors-on-planned-ipo\/","url_meta":{"origin":554236,"position":5},"title":"Macro Group taps EFG Hermes, RenCap as advisors on planned IPO","author":"enterpriseam admin","date":"26 May 2021","format":false,"excerpt":"Cosmetics pharma giant Macro Group Pharma has reportedly tapped EFG Hermes to quarterback its planned IPO alongside Renaissance Capital, according to a report by Al Mal quoting founder and chairman Ahmed El Nayeb. Sources close to the transaction confirmed to Enterprise that EFG Hermes is involved in the IPO, but\u2026","rel":"","context":"In "SPEED ROUND: IPO WATCH"","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\/5\/450.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/554236","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=554236"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/554236\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/554232"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/554237"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=554236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=554236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=554236"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=554236"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=554236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}