EGX: Macro Group IPO postponed

Macro Group Pharmaceuticals (Macro Capital) (MCRO) has postponed its Initial Public Offering (IPO) due to the many IPOs introduced at the same time in the Egyptian Exchange.
1M | 3M | YTD | 1Y | 2Y |
+7.80% | +9.90% | +19.30% | +25.77% | +100.48% |
Value Traded (Mln EGP) 5,203.74 |
Volume 1,544,042,188 |
Transactions 120,537 |
Market Cap. (Bln EGP) 2,551.71 |
Macro Group Pharmaceuticals (Macro Capital) (MCRO) has postponed its Initial Public Offering (IPO) due to the many IPOs introduced at the same time in the Egyptian Exchange.
The Egyptian Exchange (EGX) announced that trading on Taaleem Management Services’ (TALM) shares will start on April 7th, according to company disclosure.
Taaleem Management Services (TALM) said that its public offering was covered 29.38 times on April 1st, according to Al-Mal.
The board of directors of Telecom Egypt (TETL) proposed raising its dividend for 2020 to EGP 0.75 per share instead of EGP 0.50 per share, according to the company’s press release.