{"id":639386,"date":"2017-10-29T03:18:15","date_gmt":"2017-10-29T03:18:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/29\/dice-shares-priced-at-between-egp-22-60-and-egp-27-10\/"},"modified":"2017-10-29T03:18:15","modified_gmt":"2017-10-29T03:18:15","slug":"dice-shares-priced-at-between-egp-22-60-and-egp-27-10","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/29\/dice-shares-priced-at-between-egp-22-60-and-egp-27-10\/","title":{"rendered":"DICE shares priced at between EGP 22.60 and EGP 27.10"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>IPO WATCH- DICE shares priced at between EGP 22.60 and EGP 27.10:<\/strong> DICE Sport and Casual Wear announced on Saturday an <a href=\"https:\/\/ent.news\/2017\/10\/408.pdf\">indicative price range (pdf)<\/a> for an offering of up to 33.05 mn existing ordinary shares, representing 62.35% of its outstanding share capital listed on the EGX. The offering has been priced at between EGP 22.60 and EGP 27.10 per share. The offering received regulatory approval from the Egyptian Financial Supervisory Authority, DICE\u2019s head of IR Victor Fakhry <a href=\"https:\/\/alborsanews.com\/2017\/10\/28\/1060860\">tells Al Borsa<\/a>. 85% of shares on sale will be offered in an institutional offering, while 15% will be earmarked for local retail investors, said Fakhry. He added that the sale should start in the coming few weeks, without giving a precise date. The <a href=\"https:\/\/enterprise.press\/stories\/2017\/10\/23\/dice-to-sell-a-62-35-stake-on-the-egx\/\">selling shareholders<\/a> are National Textile S.A.E, which holds 56.0% of DICE\u2019s share capital, and other minority investors who hold a combined 6.4% stake. EFG Hermes is sole global coordinator and bookrunner for the offering and Matouk Bassiouny is local counsel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IPO WATCH- DICE shares priced at between EGP 22.60 and EGP 27.10: DICE Sport and Casual Wear announced on Saturday an indicative price range (pdf) for an offering of up to 33.05 mn existing ordinary shares, representing 62.35% of its outstanding share capital listed on the EGX. The offering has been priced at between EGP [&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-639386","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"257baa0a-fe4e-4d3d-9f3d-b41fc4839c4e","order":"0","is_powered_by":true,"section_story_id":"5488f7e1-7e8a-49d0-a5f8-63bb5185b67e","story_type":"1","photo_url":"","photo_position":"above","related_issue":[639376],"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>DICE shares priced at between EGP 22.60 and EGP 27.10 - 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\/10\/29\/dice-shares-priced-at-between-egp-22-60-and-egp-27-10\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DICE shares priced at between EGP 22.60 and EGP 27.10\" \/>\n<meta property=\"og:description\" content=\"IPO WATCH- DICE shares priced at between EGP 22.60 and EGP 27.10: DICE Sport and Casual Wear announced on Saturday an indicative price range (pdf) for an offering of up to 33.05 mn existing ordinary shares, representing 62.35% of its outstanding share capital listed on the EGX. 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Ordinary shares on the EGX have been priced at EGP 22.60 following the successful conclusion of the book-building process. 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Dice had announced last week that its domestic offering was 5.96x oversubscribed, while its institutional offering was 3.1x oversubscribed.Separately, Qalaa Holdings\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":606698,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/20\/dice-founders-want-to-reacquire-the-company\/","url_meta":{"origin":639386,"position":3},"title":"Dice founders want to reacquire the company","author":"enterpriseam admin","date":"20 September 2023","format":false,"excerpt":"The founding Toma family sold the bulk of their shares in the firm during its IPO in 2017","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1237.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594094,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/20\/dice-to-complete-cairo-cotton-acquisition-before-the-end-of-the-year\/","url_meta":{"origin":639386,"position":4},"title":"Dice to complete Cairo Cotton acquisition before the end of the year","author":"enterpriseam admin","date":"20 October 2019","format":false,"excerpt":"M&A WATCH- Dice\u2019s takeover of Cairo Cotton almost complete: Dice Sport and Casual Wear will acquire Cairo Cotton before the end of the year, co-founder of Tahoun & Associates law firm Nermine Tahoun said, according to the local press. 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