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By Arab Finance Published: April 05, 2021 11:24 AM
The Egyptian Exchange (EGX) announced that trading on Taaleem Management Services’ (TALM) shares will start on April 7th, according to company disclosure.
Trading during this session will not be subject to the circuit-breaker mechanism, which pauses trading if a given stock increased or decrease beyond 5%.
The opening price of Taaleem’s share amounts to EGP 5.75 per share.
The company will receive selling orders on its share in OPR, starting April 7th to May 6th, at EGP 5.75 per share, according to the IPO prospectus.
On April 1st, Taaleem said that its public offering was covered 29.38 times.
Taaleem company is reportedly opening the IPO and private placement for subscription by offering 357.8 million shares owned by Sphinx Obelisk. This volume represents 49% of Taaleem’s capital.
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