Egyptian higher education platform Taleem Educational Services and Consultations (Taleem) has made on Wednesday its trading debut on the country’s stock exchange (EGX).
Shares in the higher education management company opens at 5.75 Egyptian pounds under the ticker TALM after the IPO met strong appetite from global institutional investors, local firms and retail investors.
It’s the first real IPO on the EGX since December 2019 when Rameda went to market.
CI Capital, who are also shareholders in Taaleem, are running the sale and serving as the bookrunner. MHR & Partners in association with White & Case are counsel to CI Capital, while Matouk Bassiouny & Hennawy are domestic counsel to Taaleem. PwC has served as auditor for the transaction, and BDO is the independent financial advisor. Inktank is Taaleem’s IR advisor.
