{"id":648927,"date":"2017-04-18T03:58:23","date_gmt":"2017-04-18T03:58:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/18\/raya-contact-center-institutional-offering-4-0x-oversubscribed\/"},"modified":"2017-04-18T03:58:23","modified_gmt":"2017-04-18T03:58:23","slug":"raya-contact-center-institutional-offering-4-0x-oversubscribed","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/18\/raya-contact-center-institutional-offering-4-0x-oversubscribed\/","title":{"rendered":"Raya Contact Center institutional offering 4.0x oversubscribed"},"content":{"rendered":"

<\/a> Raya Contact Center\u2019s international offering to institutional investors was c.4.0x <\/strong>oversubscribed<\/strong>, the company said in a statement (pdf)<\/a> announcing that RCC is pricing its IPO at EGP 16.50 per share. The company had originally guided<\/a> on EGP 16.00-17.91 per share. That makes the IPO worth about EGP 808 mn and will give Raya Contact Center a market cap of EGP 1.65 bn before Raya Holding for Financial Investments, RCC\u2019s parent company, subscribes to some EGP 100 mn worth of shares in a closed offering, effectively injecting a bit more than 12% of the IPO\u2019s gross proceeds back into RCC. RCC offered a bit over 44 mn shares to international institutional investors, while about 4.9 mn shares are being offered to Egyptian retail investors.<\/p>\n

The subscription period for the Egyptian retail offering ends on Thursday<\/strong>, 20 April. EFG Hermes<\/strong> is sole global coordinator and bookrunner for the IPO. Dechert LLP<\/strong> is international counsel to the issuer, Zaki Hashem and Partners<\/strong> is local counsel to the issuer, Matouk Bassiouny<\/strong> is local counsel to the sole global coordinator and bookrunner.<\/p>\n","protected":false},"excerpt":{"rendered":"

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. The company had originally guided on EGP 16.00-17.91 per share. That makes the IPO worth about EGP 808 mn and will give Raya Contact Center […]<\/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-648927","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"bdbc0320-500b-47e3-a608-6737ff7658dc","order":"0","is_powered_by":true,"section_story_id":"29a462b4-b71a-4215-a80a-06e02426e1b1","story_type":"1","photo_url":"","photo_position":"above","related_issue":[648920],"teaser":"","voice_url":""},"yoast_head":"\nRaya Contact Center institutional offering 4.0x 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\/04\/18\/raya-contact-center-institutional-offering-4-0x-oversubscribed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Raya Contact Center institutional offering 4.0x oversubscribed\" \/>\n<meta property=\"og:description\" content=\"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. The company had originally guided on EGP 16.00-17.91 per share. 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