{"id":648355,"date":"2017-04-02T04:11:00","date_gmt":"2017-04-02T04:11:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/02\/ipo-watch-misr-italia-mm-group\/"},"modified":"2017-04-02T04:11:00","modified_gmt":"2017-04-02T04:11:00","slug":"ipo-watch-misr-italia-mm-group","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/02\/ipo-watch-misr-italia-mm-group\/","title":{"rendered":"IPO Watch: Misr Italia, MM Group"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>IPO Watch:<\/strong> Real estate developer <strong>Misr Italia Group is looking to list 20-25% of its <\/strong><strong>shares in an IPO sometime in May<\/strong>, co-CEO Mohamed El Assal told <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-04-01\/egypt-s-misr-italia-plans-to-raise-1-5-billion-pounds-in-ipo\">Bloomberg<\/a> on Saturday. The company is hoping to raise EGP 1.5 bn from the sale and will use the proceeds to complete some ongoing projects as well as new ones, with an eye towards co-development projects, he added. <strong>Beltone Financial<\/strong> has been tapped to manage the IPO and a roadshow in the GCC has is slated for later this month.<\/p>\n<p><strong>This comes as brokers start taking orders today for the retail component of MM Group\u2019s <\/strong><strong>IPO.<\/strong> MM Group is listing 30% of its shares on the EGX, with 25.5% of the company being offered to institutional investors at a maximum price of EGP 6.06. The final pricing of the offering will be announced on Tuesday, 4 April and the subscription period will close on Thursday, 6 April. As <a href=\"https:\/\/enterprise.press\/stories\/2017\/03\/21\/mm-group-files-itf-to-sell-30-stake-in-company\/\">we\u2019ve noted previously<\/a>, <strong>Beltone Financial<\/strong> is managing the offering, <strong>Zaki Hashem & Partners<\/strong> are local counsel, and <strong>BDO<\/strong> is acting as the independent legal advisor.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IPO Watch: Real estate developer Misr Italia Group is looking to list 20-25% of its shares in an IPO sometime in May, co-CEO Mohamed El Assal told Bloomberg on Saturday. The company is hoping to raise EGP 1.5 bn from the sale and will use the proceeds to complete some ongoing projects as well as [&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-648355","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"9fb4c800-c9f6-4c0e-9f61-6c44677d90be","order":"0","is_powered_by":true,"section_story_id":"52052d4a-8ac8-45d8-90f3-dc42802b832e","story_type":"1","photo_url":"","photo_position":"above","related_issue":[648344],"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>IPO Watch: Misr Italia, MM Group - 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\/04\/02\/ipo-watch-misr-italia-mm-group\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IPO Watch: Misr Italia, MM Group\" \/>\n<meta property=\"og:description\" content=\"IPO Watch: Real estate developer Misr Italia Group is looking to list 20-25% of its shares in an IPO sometime in May, co-CEO Mohamed El Assal told Bloomberg on Saturday. The company is hoping to raise EGP 1.5 bn from the sale and will use the proceeds to complete some ongoing projects as well as [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/02\/ipo-watch-misr-italia-mm-group\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-04-02T04:11:00+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\/2017\/04\/02\/ipo-watch-misr-italia-mm-group\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/02\/ipo-watch-misr-italia-mm-group\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"IPO Watch: Misr Italia, MM Group\",\"datePublished\":\"2017-04-02T04:11:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/02\/ipo-watch-misr-italia-mm-group\/\"},\"wordCount\":181,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/02\/ipo-watch-misr-italia-mm-group\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/02\/ipo-watch-misr-italia-mm-group\/\",\"name\":\"IPO Watch: Misr Italia, MM Group - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-04-02T04:11:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/02\/ipo-watch-misr-italia-mm-group\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/02\/ipo-watch-misr-italia-mm-group\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/02\/ipo-watch-misr-italia-mm-group\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"IPO Watch: Misr Italia, MM Group\"}]},{\"@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":"IPO Watch: Misr Italia, MM Group - 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\/2017\/04\/02\/ipo-watch-misr-italia-mm-group\/","og_locale":"en_US","og_type":"article","og_title":"IPO Watch: Misr Italia, MM Group","og_description":"IPO Watch: Real estate developer Misr Italia Group is looking to list 20-25% of its shares in an IPO sometime in May, co-CEO Mohamed El Assal told Bloomberg on Saturday. 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The IPO is expected to increase 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":635406,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/04\/misr-italia-planning-to-ipo-in-3q2018\/","url_meta":{"origin":648355,"position":1},"title":"Misr Italia planning to IPO in 3Q2018","author":"enterpriseam admin","date":"4 December 2017","format":false,"excerpt":"IPO WATCH- Real estate developer Misr Italia Properties is planning to offer 20-30% of its shares on the EGX in 3Q2018, CEO Mohamed El Assal said again yesterday, Al Mal reports. El Assal did not disclose the size of the transaction or his intended use of proceeds. Misr Italia had\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":642055,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/06\/misr-italia-says-ipo-plans-moving-ahead\/","url_meta":{"origin":648355,"position":2},"title":"Misr Italia says IPO plans moving ahead","author":"enterpriseam admin","date":"6 August 2017","format":false,"excerpt":"IPO WATCH- Misr Italia is moving forward with previously communicated plans to list its shares on the EGX, the company said, according to Al Masry Al Youm, denying reports it plans to postpone the move. Misr Italia had said in April that it is looking to list 20-25% of its\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":597247,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/21\/egyptian-developer-misr-italia-to-complete-procedures-to-list-25-on-egx-in-six-months\/","url_meta":{"origin":648355,"position":3},"title":"Egyptian developer Misr Italia to complete procedures to list 25% on EGX in six months","author":"enterpriseam admin","date":"21 July 2019","format":false,"excerpt":"IPO WATCH- Misr Italia to complete procedures to list 25% on EGX in six months: Property developer Misr Italia is once again considering an initial public offering of up to 25% of its shares on the EGX, and is expecting to finalize all necessary procedures within six months, Chairman Hany\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\/7\/2265.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":624760,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/18\/mowasalat-misr-plans-ipo-in-late-2019-or-early-2020\/","url_meta":{"origin":648355,"position":4},"title":"Mowasalat Misr plans IPO in late 2019 or early 2020","author":"enterpriseam admin","date":"18 September 2018","format":false,"excerpt":"EXCLUSIVE- Mowasalat Misr plans IPO in late 2019 or early 2020: Private transport company Mowasalat Misr plans to list shares in the EGX either in 4Q2019 or early 2020, a company source told Enterprise. Prior to the IPO, the Emirates National Group subsidiary plans to raise EGP 244 mn through\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":648647,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/mm-group-ipo-covered-19-27x\/","url_meta":{"origin":648355,"position":5},"title":"MM Group IPO covered 19.27x","author":"enterpriseam admin","date":"9 April 2017","format":false,"excerpt":"IPO WATCH- The initial public offering for MM Group has been covered around 19.27x, Osama Rashad, head of investor relations at Beltone, told Reuters. \u201cA private placement, completed on Monday was more than nine times over subscribed. The group's shares are expected to start trading [on] Tuesday.\u201d MM Group priced\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\/648355","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=648355"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/648355\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/648344"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=648355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=648355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=648355"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=648355"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=648355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}