{"id":630451,"date":"2018-04-22T04:08:42","date_gmt":"2018-04-22T04:08:42","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/22\/ci-capital-ipos-institutional-offering-6-1x-oversubscribed-share-priced-in-at-egp-7-70-trading-to-begin-on-30-april\/"},"modified":"2018-04-22T04:08:42","modified_gmt":"2018-04-22T04:08:42","slug":"ci-capital-ipos-institutional-offering-6-1x-oversubscribed-share-priced-in-at-egp-7-70-trading-to-begin-on-30-april","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/22\/ci-capital-ipos-institutional-offering-6-1x-oversubscribed-share-priced-in-at-egp-7-70-trading-to-begin-on-30-april\/","title":{"rendered":"CI Capital IPO\u2019s institutional offering 6.1x oversubscribed, share priced in at EGP 7.70, trading to begin on 30 April"},"content":{"rendered":"<p><a id=\"tldr-story-03\" class=\"content-anchor\"><\/a> <strong>IPO WATCH- CI Capital IPO\u2019s institutional offering 6.1x oversubscribed, share priced in at EGP 7.70, trading to begin on 30 April: <\/strong>CI Capital <a href=\"https:\/\/ent.news\/2018\/4\/1082.pdf\">announced yesterday (pdf)<\/a> that it has successfully concluded the bookbuilding process for its initial public offering, which it is pricing at EGP 7.70 per share. The company \u2014 which is hoping to raise as much as USD 100 mn (EGP 1.8 bn) from the sale of c. 41.5% of its shares \u2014 said that the institutional offering to international investors was c.6.1x oversubscribed. The market capitalization of the group prior to the closed subscription was EGP 3.17 bn (USD 179.0 mn). CI Capital also set aside 22,563,728 shares to Egyptian retail investors and said that some selling shareholders have agreed to subscribe to 132,727,813 of newly-issued shares worth EGP 1 bn. <strong>The subscription period for the retail offering will close on Tuesday<\/strong>, 24 April. Shares are expected to begin trading on 30 April. The company had <a href=\"https:\/\/enterprise.press\/stories\/2018\/04\/18\/egx-signs-off-on-ci-capital-ipo-trading-should-start-by-end-of-month\/\">previously said<\/a> that shareholders could re-inject as much as EGP 1 bn from the proceeds of the IPO into the firm through a follow-on capital increase.<\/p>\n<p><strong>Advisors: <\/strong>Jefferies International Limited and CI Capital Investment Banking are acting as joint global coordinators and bookrunners on the IPO. Norton Rose Fulbright was tapped as international counsel to the issuer, while White & Case is the underwriters\u2019 counsel. Matouk Bassiouny will serve as local counsel; Pharos Securities Brokerage and HC Brokerage are acting as placements agents.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IPO WATCH- CI Capital IPO\u2019s institutional offering 6.1x oversubscribed, share priced in at EGP 7.70, trading to begin on 30 April: CI Capital announced yesterday (pdf) that it has successfully concluded the bookbuilding process for its initial public offering, which it is pricing at EGP 7.70 per share. The company \u2014 which is hoping to [&hellip;]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-630451","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"a6b97ba4-cd0c-4e03-8938-9d91f1a33c02","order":"0","is_powered_by":true,"section_story_id":"a2061a40-aa8a-4b5e-90a8-0d61b932d364","story_type":"1","photo_url":"","photo_position":"above","related_issue":[630441],"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>CI Capital IPO\u2019s institutional offering 6.1x oversubscribed, share priced in at EGP 7.70, trading to begin on 30 April - 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\/2018\/04\/22\/ci-capital-ipos-institutional-offering-6-1x-oversubscribed-share-priced-in-at-egp-7-70-trading-to-begin-on-30-april\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CI Capital IPO\u2019s institutional offering 6.1x oversubscribed, share priced in at EGP 7.70, trading to begin on 30 April\" \/>\n<meta property=\"og:description\" content=\"IPO WATCH- CI Capital IPO\u2019s institutional offering 6.1x oversubscribed, share priced in at EGP 7.70, trading to begin on 30 April: CI Capital announced yesterday (pdf) that it has successfully concluded the bookbuilding process for its initial public offering, which it is pricing at EGP 7.70 per share. The company \u2014 which is hoping to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/22\/ci-capital-ipos-institutional-offering-6-1x-oversubscribed-share-priced-in-at-egp-7-70-trading-to-begin-on-30-april\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-22T04:08:42+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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/22\/ci-capital-ipos-institutional-offering-6-1x-oversubscribed-share-priced-in-at-egp-7-70-trading-to-begin-on-30-april\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/22\/ci-capital-ipos-institutional-offering-6-1x-oversubscribed-share-priced-in-at-egp-7-70-trading-to-begin-on-30-april\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"CI Capital IPO\u2019s institutional offering 6.1x oversubscribed, share priced in at EGP 7.70, trading to begin on 30 April\",\"datePublished\":\"2018-04-22T04:08:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/22\/ci-capital-ipos-institutional-offering-6-1x-oversubscribed-share-priced-in-at-egp-7-70-trading-to-begin-on-30-april\/\"},\"wordCount\":245,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/22\/ci-capital-ipos-institutional-offering-6-1x-oversubscribed-share-priced-in-at-egp-7-70-trading-to-begin-on-30-april\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/22\/ci-capital-ipos-institutional-offering-6-1x-oversubscribed-share-priced-in-at-egp-7-70-trading-to-begin-on-30-april\/\",\"name\":\"CI Capital IPO\u2019s institutional offering 6.1x oversubscribed, share priced in at EGP 7.70, trading to begin on 30 April - 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The firm generated orders worth EGP 9.9 bn (USD 560 mn) during the book-building process and the institutional offering, which was c.6.1x oversubscribed. CI Capital had priced the\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":[]},{"id":630655,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/29\/ci-capital-ipo-raises-egp-1-7-bn\/","url_meta":{"origin":630451,"position":1},"title":"CI Capital IPO raises EGP 1.7 bn","author":"enterpriseam admin","date":"29 April 2018","format":false,"excerpt":"IPO WATCH- CI Capital\u2019s IPO raised EGP 1.7 bn, the EGX said in a statement on Thursday carried by Reuters. The institutional offering was c.6.1x oversubscribed, while the retail offering tranche of CI Capital\u2019s IPO on the Egyptian Exchange was 29.45x oversubscribed. Trading of the firm\u2019s shares, which will open\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":[]},{"id":648927,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/18\/raya-contact-center-institutional-offering-4-0x-oversubscribed\/","url_meta":{"origin":630451,"position":2},"title":"Raya Contact Center institutional offering 4.0x oversubscribed","author":"enterpriseam admin","date":"18 April 2017","format":false,"excerpt":"Raya Contact Center\u2019s international offering to institutional investors was c.4.0x oversubscribed, the company said in a statement (pdf) announcing that RCC is pricing its IPO at EGP 16.50 per share. The company had originally guided on EGP 16.00-17.91 per share. That makes the IPO worth about EGP 808 mn and\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":[]},{"id":630517,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/23\/correction-ci-capital-actually-reeled-in-egp-9-9-bn-in-demand-during-ipo-book-building\/","url_meta":{"origin":630451,"position":3},"title":"Correction - CI Capital actually reeled in EGP 9.9 bn in demand during IPO book-building","author":"enterpriseam admin","date":"23 April 2018","format":false,"excerpt":"CORRECTION- We had incorrectly said in yesterday\u2019s issue that CI Capital had reeled in orders totaling EGP 3.17 bn (USD 179.0 mn). The figure was actually the market capitalization of the firm prior to the closed subscription. The firm generated orders worth EGP 9.9 bn (USD 560 mn) during the\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":[]},{"id":625065,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/26\/cira-ipos-retail-component-is-heavily-oversubscribed\/","url_meta":{"origin":630451,"position":4},"title":"CIRA IPO\u2019s retail component is heavily oversubscribed","author":"enterpriseam admin","date":"26 September 2018","format":false,"excerpt":"**#4 IPO WATCH- Retail tranche of CIRA IPO closes 18.9x oversubscribed: Appetite for the retail offering of private sector education outfit CIRA\u2019s IPO was strong, with the EGX announcing that the offering of 14.5 mn shares, for which the subscription period ended yesterday, was 18.9x oversubscribed. Trading on the company\u2019s\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":[]},{"id":635466,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/05\/ibnsina-pharma-prices-ipo-at-egp-5-80-per-share-says-institutional-offering-is-more-than-17x-oversubscribed\/","url_meta":{"origin":630451,"position":5},"title":"Ibnsina Pharma prices IPO at EGP 5.80 per share, says institutional offering is more than 17x oversubscribed","author":"enterpriseam admin","date":"5 December 2017","format":false,"excerpt":"IPO WATCH- Ibnsina Pharma prices IPO at EGP 5.80 per share, says institutional offering is more than 17x oversubscribed: Ibnsina Pharma announced this morning that it has concluded the book-building process and pricing of its institutional offering of c. 229 mn shares as part of its IPO on the Egyptian\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\/630451","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=630451"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/630451\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/630441"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=630451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=630451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=630451"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=630451"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=630451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}