{"id":636130,"date":"2017-12-21T03:53:18","date_gmt":"2017-12-21T03:53:18","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/21\/at-lease-institutional-offering-40-16x-oversubscribed\/"},"modified":"2017-12-21T03:53:18","modified_gmt":"2017-12-21T03:53:18","slug":"at-lease-institutional-offering-40-16x-oversubscribed","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/21\/at-lease-institutional-offering-40-16x-oversubscribed\/","title":{"rendered":"AT Lease institutional offering 40.16x oversubscribed"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>IPO WATCH-<\/strong> The <a href=\"https:\/\/enterprise.press\/wp-content\/uploads\/2017\/12\/At-lease-ad-FINAL.tif\">institutional offering tranche<\/a> of Al Tawfeek Leasing Co. (AT Lease) shares was 40.16x oversubscribed for the 14.4 mn shares offered, generating EGP 95.04 mn from investors. Our friends at <strong>Pharos Holding<\/strong>, the sole bookrunner and coordinator for the transaction, reported receiving orders from investors totaling EGP 3.8 bn with a final price of EGP 6.60 per share. The private placement tranche represented 75% of the total offering. Subscription for the public offering for the remaining 25%of shares will end at the end of the trading day on Sunday, 24 December, with a total of 4.8 mn shares offered.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IPO WATCH- The institutional offering tranche of Al Tawfeek Leasing Co. (AT Lease) shares was 40.16x oversubscribed for the 14.4 mn shares offered, generating EGP 95.04 mn from investors. Our friends at Pharos Holding, the sole bookrunner and coordinator for the transaction, reported receiving orders from investors totaling EGP 3.8 bn with a final price [&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-636130","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"8dc844a7-80d6-4425-bd2b-33fb1be52dfe","order":"0","is_powered_by":true,"section_story_id":"c3239565-2f9d-4bc6-a597-01efc4e538b8","story_type":"1","photo_url":"","photo_position":"above","related_issue":[636122],"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>AT Lease institutional offering 40.16x oversubscribed - 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\/2017\/12\/21\/at-lease-institutional-offering-40-16x-oversubscribed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AT Lease institutional offering 40.16x oversubscribed\" \/>\n<meta property=\"og:description\" content=\"IPO WATCH- The institutional offering tranche of Al Tawfeek Leasing Co. (AT Lease) shares was 40.16x oversubscribed for the 14.4 mn shares offered, generating EGP 95.04 mn from investors. 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(AT Lease) shares was 28x oversubscribed for the 4.8 mn shares offered, according to Al Borsa. Pharos, the sole bookrunner and coordinator for the transaction, had said last Wednesday that The institutional offering was 40.16x oversubscribed for the 14.4\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":636264,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/28\/at-lease-shares-begin-trading-on-the-egx\/","url_meta":{"origin":636130,"position":1},"title":"AT Lease shares begin trading on the EGX","author":"enterpriseam admin","date":"28 December 2017","format":false,"excerpt":"IPO WATCH- Al Tawfik Leasing Co. (AT Lease) shares officially start trading on the EGX today, making it the single company of its kind to be listed on the Egyptian bourse. The final price was set at EGP 6.6 per share. AT Lease\u2019s institutional offering, valued at EGP 95.04 mn\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":591230,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/01\/rameda-pharma-retail-offering-oversubscribed-on-first-day\/","url_meta":{"origin":636130,"position":2},"title":"Rameda Pharma retail offering oversubscribed on first day","author":"enterpriseam admin","date":"1 December 2019","format":false,"excerpt":"IPO WATCH- Rameda Pharma retail offering oversubscribed on first day: The retail component of Rameda\u2019s IPO was oversubscribed at the close of play on Thursday, market sources told the local press. Retail investors put in orders for 19.65 mn shares, handily covering the 18.83 mn shares offered by the pharma\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":656420,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/04\/united-banks-retail-tranche-59x-oversubscribed-as-subscription-period-closes\/","url_meta":{"origin":636130,"position":3},"title":"United Bank\u2019s retail tranche 59x oversubscribed as subscription period closes","author":"enterpriseam admin","date":"4 December 2024","format":false,"excerpt":"The offering\u2019s private placement also finished oversubscribed, with the subscription covered 6x","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\/2024\/7\/535.jpg?fit=%2C&ssl=1&resize=350%2C200","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":636130,"position":4},"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. 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