{"id":634581,"date":"2018-01-18T04:16:56","date_gmt":"2018-01-18T04:16:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/18\/careem-enters-talks-with-banks-for-potential-ipo\/"},"modified":"2018-01-18T04:16:56","modified_gmt":"2018-01-18T04:16:56","slug":"careem-enters-talks-with-banks-for-potential-ipo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/18\/careem-enters-talks-with-banks-for-potential-ipo\/","title":{"rendered":"Careem enters talks with banks for potential IPO"},"content":{"rendered":"<p><strong>IPO WATCH- Careem is in early talks with investment banks about a potential IPO<\/strong>, said people familiar with the matter. While an IPO is a\u201cnatural milestone\u201d for Careem, the company is currently focused on expanding its operations to more markets, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-01-17\/uber-s-mideast-rival-careem-is-said-to-hold-ipo-talks-with-banks\">CEO Mudassir Sheikha tells Bloomberg<\/a>. An IPO of Uber\u2019s biggest rival in the Middle East is likely to take place by early 2019. Banks haven\u2019t been appointed and the company may decide not to pursue the listing, the people said. It is also likely that the firm could be valued at about USD 1.5 bn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IPO WATCH- Careem is in early talks with investment banks about a potential IPO, said people familiar with the matter. While an IPO is a\u201cnatural milestone\u201d for Careem, the company is currently focused on expanding its operations to more markets, CEO Mudassir Sheikha tells Bloomberg. An IPO of Uber\u2019s biggest rival in the Middle East [&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-634581","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"cf6db6ee-d6e4-462a-adff-4253e020ac14","order":"0","is_powered_by":true,"section_story_id":"f3672979-5ee0-49b4-b0fb-5dbd8f5ecd5e","story_type":"1","photo_url":"","photo_position":"above","related_issue":[634571],"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>Careem enters talks with banks for potential IPO - 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\/01\/18\/careem-enters-talks-with-banks-for-potential-ipo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Careem enters talks with banks for potential IPO\" \/>\n<meta property=\"og:description\" content=\"IPO WATCH- Careem is in early talks with investment banks about a potential IPO, said people familiar with the matter. While an IPO is a\u201cnatural milestone\u201d for Careem, the company is currently focused on expanding its operations to more markets, CEO Mudassir Sheikha tells Bloomberg. An IPO of Uber\u2019s biggest rival in the Middle East [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/18\/careem-enters-talks-with-banks-for-potential-ipo\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-18T04:16:56+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/18\/careem-enters-talks-with-banks-for-potential-ipo\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/18\/careem-enters-talks-with-banks-for-potential-ipo\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Careem enters talks with banks for potential IPO\",\"datePublished\":\"2018-01-18T04:16:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/18\/careem-enters-talks-with-banks-for-potential-ipo\/\"},\"wordCount\":104,\"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\/01\/18\/careem-enters-talks-with-banks-for-potential-ipo\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/18\/careem-enters-talks-with-banks-for-potential-ipo\/\",\"name\":\"Careem enters talks with banks for potential IPO - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-01-18T04:16:56+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/18\/careem-enters-talks-with-banks-for-potential-ipo\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/18\/careem-enters-talks-with-banks-for-potential-ipo\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/18\/careem-enters-talks-with-banks-for-potential-ipo\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Careem enters talks with banks for potential IPO\"}]},{\"@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":"Careem enters talks with banks for potential IPO - 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\/2018\/01\/18\/careem-enters-talks-with-banks-for-potential-ipo\/","og_locale":"en_US","og_type":"article","og_title":"Careem enters talks with banks for potential IPO","og_description":"IPO WATCH- Careem is in early talks with investment banks about a potential IPO, said people familiar with the matter. While an IPO is a\u201cnatural milestone\u201d for Careem, the company is currently focused on expanding its operations to more markets, CEO Mudassir Sheikha tells Bloomberg. An IPO of Uber\u2019s biggest rival in the Middle East [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/18\/careem-enters-talks-with-banks-for-potential-ipo\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2018-01-18T04:16:56+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/18\/careem-enters-talks-with-banks-for-potential-ipo\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/18\/careem-enters-talks-with-banks-for-potential-ipo\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Careem enters talks with banks for potential IPO","datePublished":"2018-01-18T04:16:56+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/18\/careem-enters-talks-with-banks-for-potential-ipo\/"},"wordCount":104,"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\/01\/18\/careem-enters-talks-with-banks-for-potential-ipo\/","url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/18\/careem-enters-talks-with-banks-for-potential-ipo\/","name":"Careem enters talks with banks for potential IPO - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2018-01-18T04:16:56+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/18\/careem-enters-talks-with-banks-for-potential-ipo\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2018\/01\/18\/careem-enters-talks-with-banks-for-potential-ipo\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/18\/careem-enters-talks-with-banks-for-potential-ipo\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Careem enters talks with banks for potential IPO"}]},{"@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":650713,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/30\/careem-looking-for-acquisition-opportunities-considering-ipo\/","url_meta":{"origin":634581,"position":0},"title":"Careem looking for acquisition opportunities, considering IPO","author":"enterpriseam admin","date":"30 March 2017","format":false,"excerpt":"Ridesharing service Careem is looking for acquisition opportunities and is considering an initial public offering but has no timeframe in mind, founder Mudassir Sheikha told Reuters. Asked if 2019 was a target date, he said \u201cit is hard to predict,\u201d noting that the company has not hired bankers or advisors.","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":634695,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/22\/careem-not-seeking-ipo-not-yet-profitable-sheikha\/","url_meta":{"origin":634581,"position":1},"title":"Careem not seeking IPO, not yet profitable -Sheikha","author":"enterpriseam admin","date":"22 January 2018","format":false,"excerpt":"IPO WATCH- It was never going to be on the EGX, and in any case: Careem is not actively considering an IPO, CEO Mudassir Sheikha says, according to The National. \u201cIt\u2019s nowhere on the horizon, we are not actively thinking of it, we are not actively planning for it \u2026\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":624759,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/18\/potential-uber-careem-merger-could-be-worth-usd-2-5-bn\/","url_meta":{"origin":634581,"position":2},"title":"Potential Uber, Careem merger could be worth USD 2.5 bn","author":"enterpriseam admin","date":"18 September 2018","format":false,"excerpt":"**#4 M&A WATCH- Potential Uber, Careem merger could be worth USD 2.5 bn: Uber is indeed in talks to acquire its Middle East ride-hailing rival Careem in a transaction expected to be worth as much as USD 2-2.5 bn, people familiar with the matter told Bloomberg. Negotiations are ongoing 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":645522,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/24\/rooya-in-talks-with-investment-banks-to-find-issuance-manager-for-october-ipo\/","url_meta":{"origin":634581,"position":3},"title":"Rooya in talks with investment banks to find issuance manager for October IPO","author":"enterpriseam admin","date":"24 July 2017","format":false,"excerpt":"IPO WATCH- Rooya Real Estate Investment Company is actively looking for an investment bank to lead its upcoming initial public offering, CEO Hisham Shoukry said on Sunday, according to Al Shorouk. Pioneers Holding, which currently owns 60% of Rooya, is looking to list half of its shares in the company\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":605013,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/19\/careem-in-talks-with-banks-in-egypt-to-finance-drivers-cars\/","url_meta":{"origin":634581,"position":4},"title":"Careem in talks with banks in Egypt to finance drivers\u2019 cars","author":"enterpriseam admin","date":"19 December 2018","format":false,"excerpt":"Ride-hailing app Careem is in talks with three Egyptian banks to expand financing plans for Careem drivers who want to buy new vehicles, Careem Egypt CEO Wael Abou El Ela revealed, according to Al Mal. Some 1,000 drivers have financed new vehicles through the company\u2019s existing agreement with Sarwa Capital.\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":628939,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/17\/careem-looks-to-roll-out-service-in-250-cities-in-mena-turkey-and-pakistan\/","url_meta":{"origin":634581,"position":5},"title":"Careem looks to roll out service in 250 cities in MENA, Turkey, and Pakistan","author":"enterpriseam admin","date":"17 May 2018","format":false,"excerpt":"Careem is looking to roll out service in 250 cities across the MENA region, Turkey, and Pakistan as it works towards becoming profitable by 2020, CEO Mudassir Sheikha tells The National. \u201cOur estimate is there\u2019s at least 250 cities in our region that should have a service like Careem, these\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\/634581","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=634581"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/634581\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/634571"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=634581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=634581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=634581"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=634581"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=634581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}