Egypt: Bonyan Private Placement Oversubscribed By ~7x Ahead of Egx Listing

TLDR

• The private placement for Bonyan for Development and Trade’s shares was oversubscribed by 6.88 times, the Egyptian Exchange (EGX) said
• Bonyan launched its initial public offering on July 6, offering a 21.94% stake on the EGX. The offering includes 362.9 million shares split into two tranches
• The private placement, targeting institutions and high-net-worth individuals, ran from July 6 to July 10 with a price range of EGP 4.96 to EGP 5.44

The private placement for Bonyan for Development and…