{"id":560877,"date":"2021-03-16T04:24:45","date_gmt":"2021-03-16T04:24:45","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/16\/what-the-markets-are-doing-on-16-march-2021\/"},"modified":"2021-03-16T04:24:45","modified_gmt":"2021-03-16T04:24:45","slug":"what-the-markets-are-doing-on-16-march-2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/16\/what-the-markets-are-doing-on-16-march-2021\/","title":{"rendered":"What the markets are doing on 16 March 2021"},"content":{"rendered":"

<\/a> GLOBAL IPO WATCH- Food delivery player Deliveroo hopes to raise around GBP 1 <\/strong>bn when it debuts on the London Stock Exchange<\/strong>, the company said in<\/a>a statement<\/a>(pdf)<\/a> yesterday. Existing shareholders will sell their holdings, in addition to the GBP 1 bn in new shares, it said without elaborating.<\/p>\n

The UK is chasing tech IPOs:<\/strong> The news comes a few weeks after the British government announced plans<\/a> to relax listing rules in a bid to entice more tech companies and SPACs to go public on the out-of-favor LSE. A review of listing regulations has recommended<\/a> the government lower the freefloat threshold and hand founders more voting rights by allowing dual-class shares.<\/p>\n

Beijing is taking a rather different approach towards its tech companies:<\/strong> Chinese tech giant Tencent has lost USD 62 bn in market value during a share sell-off sparked by fears that the government will try to curb its market power, Bloomberg<\/a> says. The company\u2019s share price fell more than 4% in trading yesterday and lost 4.4% on Friday, a slump that one brokerage said had erased the value of its fintech business.<\/p>\n

Antitrust crackdown:<\/strong> The sell-off was sparked after the country\u2019s antitrust regulator handed out fines to 12 companies<\/a>, including Tencent, for allegedly making illegal acquisitions. The government in recent months has taken an increasingly hardline stance towards the country\u2019s most powerful tech firms. Premier Li Keqiang said earlier this month that regulators would work to curb their monopoly power and tighten fintech rules.<\/p>\n

Speaking of high-value tech: E-payments provider Stripe just became the most <\/strong>valuable startup in the history of Silicon Valley. <\/strong>It reached a record USD 95 bn valuation after a USD 600 mn investment round, overtaking SpaceX, Instacart, Facebook and Uber before they went public, according to Bloomberg<\/a> and the FT<\/a>.<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

<\/use><\/svg><\/p>\n<\/td>\n\n

EGX30 <\/strong><\/p>\n<\/td>\n

\n

11,222<\/p>\n<\/td>\n

\n

-0.6% (YTD: +3.5%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

USD (CBE)<\/strong><\/p>\n<\/td>\n

\n

Buy 15.66<\/p>\n<\/td>\n

\n

Sell 15.76<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

USD at CIB<\/strong><\/p>\n<\/td>\n

\n

Buy 15.66<\/p>\n<\/td>\n

\n

Sell 15.76<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Interest rates CBE<\/strong><\/p>\n<\/td>\n

\n

8.25% deposit<\/p>\n<\/td>\n

\n

9.25% lending<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Tadawul<\/strong><\/p>\n<\/td>\n

\n

9,646<\/p>\n<\/td>\n

\n

-0.2% (YTD: +11.0%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

ADX<\/strong><\/p>\n<\/td>\n

\n

5,708<\/p>\n<\/td>\n

\n

+0.4% (YTD: +13.1%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

DFM<\/strong><\/p>\n<\/td>\n

\n

2,619<\/p>\n<\/td>\n

\n

+0.7% (YTD: +5.1%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

S&P 500<\/strong><\/p>\n<\/td>\n

\n

3,969<\/p>\n<\/td>\n

\n

+0.7% (YTD: +5.7%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

FTSE 100<\/strong><\/p>\n<\/td>\n

\n

6,750<\/p>\n<\/td>\n

\n

-0.2% (YTD: +4.5%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Brent crude<\/strong><\/p>\n<\/td>\n

\n

USD 68.16<\/p>\n<\/td>\n

\n

-1.1%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n

\n

USD 2.49<\/p>\n<\/td>\n

\n

+0.1%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Gold<\/strong><\/p>\n<\/td>\n

\n

USD 1,729.20<\/p>\n<\/td>\n

\n
    \n
  • <\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
\n

<\/use><\/svg><\/p>\n<\/td>\n\n

BTC<\/strong><\/p>\n<\/td>\n

\n

USD 54,217.32<\/p>\n<\/td>\n

\n

-9.7%<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

The EGX30 fell 0.6% yesterday<\/strong> on turnover of EGP 1.1 bn (25.6% below the 90-day average). Regional investors were net buyers. The index is up 3.5% YTD.<\/p>\n

In the green: <\/strong>GB Auto (+3.0%), Eastern Co. (+1.2%) and EKH (+1.0%).<\/p>\n

In the red: <\/strong>Orascom Financial (-4.2%), Credit Agricole (-3.7%) and Heliopolis Housing (-3.3%).<\/p>\n","protected":false},"excerpt":{"rendered":"

GLOBAL IPO WATCH- Food delivery player Deliveroo hopes to raise around GBP 1 bn when it debuts on the London Stock Exchange, the company said ina statement(pdf) yesterday. Existing shareholders will sell their holdings, in addition to the GBP 1 bn in new shares, it said without elaborating. The UK is chasing tech IPOs: The […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[7210],"tags":[3824,72,647,119,900,78,431,122,689,441],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-560877","post","type-post","status-publish","format-standard","hentry","category-planet-finance","tag-deliveroo","tag-enterpriseam","tag-facebook","tag-financial-markets","tag-food-and-beverage","tag-ipo-watch","tag-london-stock-exchange","tag-planet-finance","tag-spacex","tag-uber","wpautop","entry"],"acf":{"mongo_id":"24224336-544f-4729-830f-3bdfee60566e","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[560857],"teaser":"","voice_url":""},"yoast_head":"\nWhat the markets are doing on 16 March 2021 - 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\/03\/16\/what-the-markets-are-doing-on-16-march-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What the markets are doing on 16 March 2021\" \/>\n<meta property=\"og:description\" content=\"GLOBAL IPO WATCH- Food delivery player Deliveroo hopes to raise around GBP 1 bn when it debuts on the London Stock Exchange, the company said ina statement(pdf) yesterday. Existing shareholders will sell their holdings, in addition to the GBP 1 bn in new shares, it said without elaborating. The UK is chasing tech IPOs: The […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/16\/what-the-markets-are-doing-on-16-march-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-16T04:24:45+00:00\" \/>\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\/03\/16\/what-the-markets-are-doing-on-16-march-2021\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/16\/what-the-markets-are-doing-on-16-march-2021\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"What the markets are doing on 16 March 2021\",\"datePublished\":\"2021-03-16T04:24:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/16\/what-the-markets-are-doing-on-16-march-2021\/\"},\"wordCount\":386,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Deliveroo\",\"EnterpriseAM\",\"Facebook\",\"Financial Markets\",\"food and beverage\",\"IPO watch\",\"London Stock Exchange\",\"Planet Finance\",\"SpaceX\",\"Uber\"],\"articleSection\":[\"PLANET FINANCE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/16\/what-the-markets-are-doing-on-16-march-2021\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/16\/what-the-markets-are-doing-on-16-march-2021\/\",\"name\":\"What the markets are doing on 16 March 2021 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2021-03-16T04:24:45+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/16\/what-the-markets-are-doing-on-16-march-2021\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/16\/what-the-markets-are-doing-on-16-march-2021\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/16\/what-the-markets-are-doing-on-16-march-2021\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What the markets are doing on 16 March 2021\"}]},{\"@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":"What the markets are doing on 16 March 2021 - 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\/03\/16\/what-the-markets-are-doing-on-16-march-2021\/","og_locale":"en_US","og_type":"article","og_title":"What the markets are doing on 16 March 2021","og_description":"GLOBAL IPO WATCH- Food delivery player Deliveroo hopes to raise around GBP 1 bn when it debuts on the London Stock Exchange, the company said ina statement(pdf) yesterday. Existing shareholders will sell their holdings, in addition to the GBP 1 bn in new shares, it said without elaborating. The UK is chasing tech IPOs: The […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/16\/what-the-markets-are-doing-on-16-march-2021\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2021-03-16T04:24:45+00:00","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\/03\/16\/what-the-markets-are-doing-on-16-march-2021\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/16\/what-the-markets-are-doing-on-16-march-2021\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"What the markets are doing on 16 March 2021","datePublished":"2021-03-16T04:24:45+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/16\/what-the-markets-are-doing-on-16-march-2021\/"},"wordCount":386,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["Deliveroo","EnterpriseAM","Facebook","Financial Markets","food and beverage","IPO watch","London Stock Exchange","Planet Finance","SpaceX","Uber"],"articleSection":["PLANET FINANCE"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/16\/what-the-markets-are-doing-on-16-march-2021\/","url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/16\/what-the-markets-are-doing-on-16-march-2021\/","name":"What the markets are doing on 16 March 2021 - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2021-03-16T04:24:45+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/16\/what-the-markets-are-doing-on-16-march-2021\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2021\/03\/16\/what-the-markets-are-doing-on-16-march-2021\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/16\/what-the-markets-are-doing-on-16-march-2021\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"What the markets are doing on 16 March 2021"}]},{"@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":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":561054,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/23\/what-the-markets-are-doing-on-23-march-2021\/","url_meta":{"origin":560877,"position":0},"title":"What the markets are doing on 23 March 2021","author":"enterpriseam admin","date":"23 March 2021","format":false,"excerpt":"GLOBAL IPO WATCH- UK-based food delivery startup Deliveroo has kicked off its GBP 1.8 bn IPO in London, according to Bloomberg. The UK-based company is now taking investor orders at GBP 3.9-4.6 apiece, which values the company at GBP 7.6-8.8 bn, and makes for the largest IPO in the UK\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":657069,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/15\/emerging-ipo-markets-leapfrog-londons-as-it-hits-a-21st-century-low\/","url_meta":{"origin":560877,"position":1},"title":"Emerging IPO markets leapfrog London\u2019s as it hits a 21st century low","author":"enterpriseam admin","date":"15 December 2024","format":false,"excerpt":"The UAE, Oman, and Malaysia have secured higher rankings in Bloomberg\u2019s global IPO venue list","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1305.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":555652,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/22\/saudi-stock-exchange-to-raise-up-to-usd-1-bn-in-upcoming-ipo\/","url_meta":{"origin":560877,"position":2},"title":"Saudi stock exchange to raise up to USD 1 bn in upcoming IPO","author":"enterpriseam admin","date":"22 November 2021","format":false,"excerpt":"The company that owns Saudi\u2019s Tadawul stock exchange is set to raise up to USD 1.01 bn in its upcoming IPO, according to a statement (pdf) by the operator. The Riyadh-based bourse plans to sell a 30% stake (equivalent to 36 mn shares), setting an indicative price range of SAR\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594003,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/16\/south-african-mno-helios-towers-debuts-shares-on-lse-in-usd-250-mn-ipo\/","url_meta":{"origin":560877,"position":3},"title":"South African MNO Helios Towers debuts shares on LSE in USD 250 mn IPO","author":"enterpriseam admin","date":"16 October 2019","format":false,"excerpt":"South African mobile network operator Helios Towers debuted its shares on the London Stock Exchange yesterday, with the IPO reeling in GBP 288 mn (USD 250 mn) in proceeds, according to joint bookrunner EFG Hermes. The final share price for the telecom firm\u2019s IPO was set at GBP 1.15. The\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":555844,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/29\/2021-might-have-set-a-new-ipo-record-but-that-doesnt-mean-their-shares-are-performing\/","url_meta":{"origin":560877,"position":4},"title":"2021 might have set a new IPO record \u2014 but that doesn\u2019t mean their shares are performing","author":"enterpriseam admin","date":"29 November 2021","format":false,"excerpt":"Half of this year\u2019s large IPOs aren\u2019t doing so great: Despite smashingglobal records this year, half of the 2021\u2019s major IPOs are now trading in the red even after US stocks hit new record highs, the Financial Times writes. Dealogic data shows that of the 43 companies to have raised\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626894,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/15\/efg-hermes-enters-frontier-markets-with-asais-gbp-125-mn-ipo\/","url_meta":{"origin":560877,"position":5},"title":"EFG Hermes enters frontier markets with ASAI\u2019s GBP 125 mn IPO","author":"enterpriseam admin","date":"15 July 2018","format":false,"excerpt":"EFG Hermes concludes advisory on GBP 125 mn London Stock Exchange IPO of world\u2019s largest microfinance lender: Our friends at EFG Hermes announced on Friday (pdf) took microfinance lender ASA International (ASAI) public on Friday with a GBP 125 mn initial public offering on the LSE. EFG Hermes, Citigroup, Investec\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\/2018\/7\/481.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\/560877","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=560877"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/560877\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/560857"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=560877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=560877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=560877"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=560877"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=560877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}