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The first tranche of the planned IPOs will be worth a range of between $2.5 and $3bln and will be announced within four weeks.
15.09.22 | Interesting article at Zawya

The Pre-IPO fund launched by the Egyptian government is working on preparing public sector companies for initial public offerings (IPO) that could reach a value between $5.5 billion and $6 billion, Asharq Business reported on September 12th, citing the Minister of Planning and Economic Development Hala El-Saeed.


The first tranche of the planned IPOs will be worth a range of between $2.5 billion and $3 billion and will be announced within four weeks, El-Saeed added.


The second tranche will be valued at around $3 billion, she revealed.


When asked about the potential offerings of the shares of Banque du Caire (BDC) (BQDC) and Misr Life Insurance, El-Saeed said that the names of the companies in the IPO program are still under study and will be decided and announced within four weeks.


The Pre-IPO fund is a sub-fund affiliate to the Sovereign Fund of Egypt (TSFE) that plans the stakes to be offered in the government IPO program.