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Taaleem sets its price tagMENA

Taaleem sets its price tag

Taaleem Management Services’ IPO finally has a price tag — the multi-brand higher education player will debut at EGP 5.75 per share. Investor appetite seems to be pretty high as the offering to institutional shareholders was about x2 oversubscribed! So, Taaleem can expect high demand once it hits the Egyptian Exchange (EGX) — under the ticker TALM, btw.

The company is making nearly 49% of its stock available on the EGX, and will see its value jump to EGP 4.2b post-debut. As its first day of trading is right around the corner (April 7), we’d like to say: good luck, Taaleem!

why it matters
The global IPO market has been booming lately, but it seems like Egypt is just catching up — the country’s exchange recorded only one public listing last year! Taaleem will be the first offering on the EGX in 2021, providing IPO inspo to others.