{"id":648647,"date":"2017-04-09T04:01:23","date_gmt":"2017-04-09T04:01:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/mm-group-ipo-covered-19-27x\/"},"modified":"2017-04-09T04:01:23","modified_gmt":"2017-04-09T04:01:23","slug":"mm-group-ipo-covered-19-27x","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/mm-group-ipo-covered-19-27x\/","title":{"rendered":"MM Group IPO covered 19.27x"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>IPO WATCH- The initial public offering for MM Group has been covered around 19.27x<\/strong>, Osama Rashad, head of investor relations at Beltone, told <a href=\"http:\/\/af.reuters.com\/article\/egyptNews\/idAFL5N1HE43O\">Reuters<\/a>. \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 its offering at EGP 5.96 and raised EGP 708 mn from selling 30% of its shares, the wire service reports.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 its offering at EGP 5.96 [&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-648647","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"117ea457-d7ef-444d-8300-b9c63358dd29","order":"0","is_powered_by":true,"section_story_id":"c46d8561-a027-4f8b-98b9-bf5be6aa2f26","story_type":"1","photo_url":"","photo_position":"above","related_issue":[648638],"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>MM Group IPO covered 19.27x - 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\/09\/mm-group-ipo-covered-19-27x\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MM Group IPO covered 19.27x\" \/>\n<meta property=\"og:description\" content=\"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&#039;s shares are expected to start trading [on] Tuesday.\u201d MM Group priced its offering at EGP 5.96 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/mm-group-ipo-covered-19-27x\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-04-09T04:01:23+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\/2017\/04\/09\/mm-group-ipo-covered-19-27x\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/mm-group-ipo-covered-19-27x\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"MM Group IPO covered 19.27x\",\"datePublished\":\"2017-04-09T04:01:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/mm-group-ipo-covered-19-27x\/\"},\"wordCount\":73,\"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\/09\/mm-group-ipo-covered-19-27x\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/mm-group-ipo-covered-19-27x\/\",\"name\":\"MM Group IPO covered 19.27x - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-04-09T04:01:23+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/mm-group-ipo-covered-19-27x\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/mm-group-ipo-covered-19-27x\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/mm-group-ipo-covered-19-27x\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"MM Group IPO covered 19.27x\"}]},{\"@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":"MM Group IPO covered 19.27x - 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\/09\/mm-group-ipo-covered-19-27x\/","og_locale":"en_US","og_type":"article","og_title":"MM Group IPO covered 19.27x","og_description":"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 its offering at EGP 5.96 [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/mm-group-ipo-covered-19-27x\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-04-09T04:01:23+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\/2017\/04\/09\/mm-group-ipo-covered-19-27x\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/mm-group-ipo-covered-19-27x\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"MM Group IPO covered 19.27x","datePublished":"2017-04-09T04:01:23+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/mm-group-ipo-covered-19-27x\/"},"wordCount":73,"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\/09\/mm-group-ipo-covered-19-27x\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/mm-group-ipo-covered-19-27x\/","name":"MM Group IPO covered 19.27x - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-04-09T04:01:23+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/mm-group-ipo-covered-19-27x\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/mm-group-ipo-covered-19-27x\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/mm-group-ipo-covered-19-27x\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"MM Group IPO covered 19.27x"}]},{"@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":649939,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/13\/mm-group-files-ipo-request-with-egx-to-float-30-of-shares\/","url_meta":{"origin":648647,"position":0},"title":"MM Group files IPO request with EGX, to float 30% of shares","author":"enterpriseam admin","date":"13 March 2017","format":false,"excerpt":"IPO WATCH- Law firm Zaki Hashem & Partners has filed a formal request on behalf of MM Group for Industry and International Trade to float 30% of its shares on the EGX at EGP 6.06 per share, firm partner Helal El Hossary tells Al Borsa. The Group\u2019s is one of\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":648355,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/02\/ipo-watch-misr-italia-mm-group\/","url_meta":{"origin":648647,"position":1},"title":"IPO Watch: Misr Italia, MM Group","author":"enterpriseam admin","date":"2 April 2017","format":false,"excerpt":"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\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":651683,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/19\/mm-group-to-list-shares-in-march-beltone\/","url_meta":{"origin":648647,"position":2},"title":"MM Group to list shares in March -Beltone","author":"enterpriseam admin","date":"19 February 2017","format":false,"excerpt":"IPO Watch- MM Group for Industry and International Trade will list 25% of its shares on the EGX in March, Beltone Financial investment banking\u2019s Mohamed El Akhdar told Al Mal. El Akhdar says EFSA has approved a fair value assessment for the company of EGP 6.75 per share, giving MM\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":573954,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/25\/egypt-efg-tapped-as-financial-advisor-in-2021-ipo-of-mm-group-subsidiary\/","url_meta":{"origin":648647,"position":3},"title":"Egypt: EFG tapped as financial advisor in 2021 IPO of MM Group subsidiary","author":"enterpriseam admin","date":"25 August 2020","format":false,"excerpt":"IPO WATCH- MM Group\u2019s e-payments subsidiary looks to start work on IPO in 1Q2021: An e-payments company recently established by consumer electronics distributor MM Group will begin the process of selling an undisclosed number of shares in an initial public offering on the EGX in 1Q2021, the local press reports,\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":591422,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/05\/rameda-pharma-retail-subscription-surges-on-final-day-offering-closes-33x-oversubscribed\/","url_meta":{"origin":648647,"position":4},"title":"Rameda Pharma retail subscription surges on final day, offering closes 33x oversubscribed","author":"enterpriseam admin","date":"5 December 2019","format":false,"excerpt":"Retail appetite for Rameda\u2019s IPO surgest on last day; offering closing 36.3x oversubscribed: Retail investors poured into Rameda Pharma\u2019s 5% public offering on the final day of subscription yesterday, leading the retail component to close 36.3x oversubscribed, Al Mal reports. Investors had placed orders for 683.22 mn shares by 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\/2020\/1\/626.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":565316,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/01\/one-step-closer-to-a-macro-group-ipo\/","url_meta":{"origin":648647,"position":5},"title":"One step closer to a Macro Group IPO","author":"enterpriseam admin","date":"1 April 2021","format":false,"excerpt":"Over 577 mn shares of Macro Group Pharma will be listed on the EGX on Monday ahead of the company\u2019s IPO, after the EGX listing committee approved the move yesterday, according to an EGX statement. Trading on shares is scheduled to begin on 19 April under ticker symbol MCRO.CA. The\u2026","rel":"","context":"In &quot;SPEED ROUND: IPO WATCH&quot;","block_context":{"text":"SPEED ROUND: IPO WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/308.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/648647","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=648647"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/648647\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/648638"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=648647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=648647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=648647"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=648647"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=648647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}