Oracsom Telecom Offering The Largest Ever In Egypt
Egypts Orascom Telecom (OT) Holdings global offering Egypts largest ever equity offering was approximately 1.7 times oversubscribed due to strong institutional demand. The companys initial public offering was evenly divided between local shares and global depository receipts (GDRs). Local shares sold at E55.7 ($16.1) and GDRs for $8 per share. In a press statement issued on 12 July, OT said the size of...