Banque du Caire’s public tranche attracts nearly double allowed shares

The initial public offering (IPO) of Banque du Caire has attracted subscription orders for approximately 453.6 million shares in the public tranche, representing a coverage ratio of 1.98 times the 228.75 million shares allocated to retail investors.

The public tranche accounts for 5% of the total shares offered for sale and 1.5%…