Talaat Mustafa Group announced in a press release that its IPO has been oversubscribed 41.4x with bids totaling LE 29.601 billion worth of shares, against the offered LE 715 million worth of shares; accordingly the allocation will be on a pro-rata basis of 2.415% of the amount sought.
According to Reuters; Trading on the shares will begin on November 28th in CASE, the company is also looking for listing its shares in international markets.
