Banque du Caire’s IPO has been delayed again, with roadshows pushed to September
· Egyptian market news · MISR
Banque du Caire’s (BdC) IPO is delayed again, with investor roadshows pushed to September or Oct ober and a new target to float by year-end
The regulatory and fair value work is done
The stake size remains unconfirmed. as much as 49%
Regional geopolitical tensions tied to the Iran war also drove the delay Arabic press a 2022 listing attempt
OUR TAKE- early-look roadshow
Privatization pipeline progress
The government’s goal to temporarily list 30 state-owned companies — including 10 petroleum companies — on the EGX by the end of June is running behind. four state-owned companies
Meanwhile, investment banks managing the Misr Life Ins. IPO are seeking a strategic investor and institutions to cover the private placement tranche. targets set
REMEMBER- USD 4.5 bn in privatization proceeds a critical benchmark