{"id":561255,"date":"2021-03-31T04:11:08","date_gmt":"2021-03-31T04:11:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/31\/burnin-up\/"},"modified":"2021-03-31T04:11:08","modified_gmt":"2021-03-31T04:11:08","slug":"burnin-up","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/31\/burnin-up\/","title":{"rendered":"Burnin\u2019 up"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>\u2026And while we\u2019re on the subject of IPOs: We could see five or six new listings <\/strong><strong>hitting the EGX in 2021<\/strong>, which may pave the way for the return of institutional investors into the market, EGX Chairman Mohamed Farid tells <a href=\"https:\/\/bit.ly\/3wfOBk7\">Al Arabiya<\/a>. Farid didn\u2019t provide any further details on the timelines of the potential listings, or whether the anticipated IPOs include any companies from the stalled state privatization program.<\/p>\n<p><strong>It already looks like the IPO pipeline is heating up this year: Macro Group Pharma<\/strong> <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2d689e02-cc68-4383-b4be-59a75b1e7580\">has kicked off<\/a> the bookbuilding process for its IPO, while higher education specialist <strong>Taaleem<\/strong> has kicked off subscription for an offering that was <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5e5a1a2a-08df-4a8e-a3ce-f857a11f002a\">2.34x oversubscribed<\/a>, valuing it at EGP 4.2 bn. And while it\u2019s not <em>technically<\/em> an IPO, London-listed consumer healthcare giant <strong>IDH<\/strong> <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f85ca305-e865-4879-8646-967b53e73296\">kicked off a roadshow<\/a> yesterday for a technical listing of at least 5% of its shares on the EGX. NBFS player <strong>Ebtikar<\/strong> is also very likely to go to market and <strong>e-Finance<\/strong>\u2019s IPO \u2014 which is part of the state privatization program \u2014 could happen this year, according to analysts surveyed in our <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5043975b-3664-4d29-a25b-cd9f6c9db0be\">first Enterprise IPO poll<\/a>.<\/p>\n<p><strong>Background:<\/strong> A handful of companies that were planning to IPO in 2020 either postponed or outright killed their plans. <strong>Banque du Caire<\/strong>\u2019s hotly anticipated IPO was postponed to 2021 as the state privatization program <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/82f7037f-4711-42cd-a7d1-7f4f6ab1f06e\">was pushed<\/a> amid the covid-induced market selloff last year. Meanwhile, <strong>NileAir<\/strong> <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f767246d-c9cd-45bf-bb2b-fc0ee5c26dcd\">pulled the plug<\/a> on its offering after the tourism and aviation industries cratered, and Qalaa Holdings <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/70d5ed14-509a-4f44-a084-c72a5e41346a\">reportedly postponed the 1H2021<\/a> sale of a 30-40% stake in energy distribution player <strong>Taqa Arabia<\/strong> and will not be taking <strong>Arab Refining Company <\/strong>to market anytime soon. Mid-cap real estate player Emerald was the only new listing on the EGX in 2020 after an already slow 2019, which saw only two IPOs \u2014 Rameda Pharma and Fawry \u2014 going to market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u2026And while we\u2019re on the subject of IPOs: We could see five or six new listings hitting the EGX in 2021, which may pave the way for the return of institutional investors into the market, EGX Chairman Mohamed Farid tells Al Arabiya. Farid didn\u2019t provide any further details on the timelines of the potential listings, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":561256,"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":[102,68,72,1406,78,77,2221,408],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-561255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-capital-markets","tag-egx","tag-enterpriseam","tag-integrated-diagnostics-holding","tag-ipo-watch","tag-macro-group","tag-mohamed-farid","tag-taaleem","wpautop","entry"],"acf":{"mongo_id":"da9fe7d5-87d0-47a8-862e-64973f50d038","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/3\/368.jpg","photo_position":"above","related_issue":[561247],"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>Burnin\u2019 up - 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\/31\/burnin-up\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Burnin\u2019 up\" \/>\n<meta property=\"og:description\" content=\"\u2026And while we\u2019re on the subject of IPOs: We could see five or six new listings hitting the EGX in 2021, which may pave the way for the return of institutional investors into the market, EGX Chairman Mohamed Farid tells Al Arabiya. Farid didn\u2019t provide any further details on the timelines of the potential listings, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/31\/burnin-up\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-31T04:11:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/368.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\/03\/31\/burnin-up\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/31\/burnin-up\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Burnin\u2019 up\",\"datePublished\":\"2021-03-31T04:11:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/31\/burnin-up\/\"},\"wordCount\":302,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/31\/burnin-up\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/368.jpg?fit=%2C&ssl=1\",\"keywords\":[\"capital markets\",\"EGX\",\"EnterpriseAM\",\"Integrated Diagnostics Holding\",\"IPO watch\",\"Macro Group\",\"Mohamed Farid\",\"Taaleem\"],\"articleSection\":[\"IPO\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/31\/burnin-up\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/31\/burnin-up\/\",\"name\":\"Burnin\u2019 up - 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According to Farid, two or three companies could offer their shares on the\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\/5\/148.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561398,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/06\/more-listings-please\/","url_meta":{"origin":561255,"position":1},"title":"More listings, please.","author":"enterpriseam admin","date":"6 April 2021","format":false,"excerpt":"Another two listings coming this year? An agricultural company and a petrochemicals firm will offer shares on the EGX this year, bourse chairman Mohamed Farid said yesterday, without disclosing whether they would be primary or secondary offerings. This came on the same day that Public Enterprises Minister Hisham Tawfik announced\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":561324,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/04\/retail-investors-have-big-appetite-for-taaleem\/","url_meta":{"origin":561255,"position":2},"title":"Retail investors have big appetite for Taaleem","author":"enterpriseam admin","date":"4 April 2021","format":false,"excerpt":"Retail investors poured into higher education management company Taaleem\u2019s IPO last week, leading the retail portion of the offering to close more than 29x oversubscribed on Thursday, bookrunner CI Capital announced, according to Al Mal. Retail investors placed bids for 525.6 mn shares by the close of play on Thursday,\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":558939,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/03\/egx-to-help-brokerages-offer-short-selling\/","url_meta":{"origin":561255,"position":3},"title":"EGX to help brokerages offer short selling","author":"enterpriseam admin","date":"3 January 2021","format":false,"excerpt":"The EGX could move to slash the cost of the electronic system needed to short sell on the bourse if brokerages request a lower price tag, EGX Chairman Mohamed Farid said at a virtual presser on Thursday, according to Al Mal. The EGX has not, however, received any complaints from\u2026","rel":"","context":"In &quot;Capital markets&quot;","block_context":{"text":"Capital markets","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/20.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":590646,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/30\/mohamed-farid-aramco-has-no-direct-impact-on-egx\/","url_meta":{"origin":561255,"position":4},"title":"Mohamed Farid: Aramco has no direct impact on EGX","author":"enterpriseam admin","date":"30 December 2019","format":false,"excerpt":"Saudi Aramco\u2019s IPO has had no direct impact on the EGX, exchange boss Mohamed Faridsaid at a symposium organized by Youm7 to discuss raising listings on the bourse. Aramco had only an indirect impact by changing companies\u2019 relative weight in global market indices such as the MSCI Emerging Markets Index.\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\/2019\/9\/Mohamed-Farid-EGX-1600.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":597347,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/24\/egx-boss-sees-two-private-companies-one-state-owned-company-ipoing-this-year\/","url_meta":{"origin":561255,"position":5},"title":"EGX boss sees two private companies, one state-owned company IPOing this year","author":"enterpriseam admin","date":"24 July 2019","format":false,"excerpt":"IPO WATCH- Two private companies, one state-owned company expected to IPO this year -Farid: EGX boss Mohamed Farid expects one state-owned company and two private companies to complete their initial public offerings this year, he told the local press. Farid did not say which companies he sees making their EGX\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\/2020\/12\/198.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\/561255","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=561255"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/561255\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/561247"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/561256"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=561255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=561255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=561255"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=561255"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=561255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}