Juhayna, the Egyptian dairy and juice firm, is looking to raise just over EGP1bn (US$176.2m) in the country’s first IPO for two years.
The company is offering just under 206m shares at EGP4.90 a share in an IPO that will see 80% sold in a private placement and 20% to the wider public.
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Investment bank EFG-Hermes, which is overseeing the offer, said the tranche of shares up for private placement had been oversubscribed by 1.75 times.
The public offering will close on Thursday (10 June).
