Morocco’s T2S IPO Draws 111,000 Investors, 44 Times Oversubscribed
4 Articles
4 Articles
Overwhelmed 44 times, T2S Group Holding's stock market introduction sparked the title by almost 20% on July 27th. A strong signal for private equity funds that see Casablanca as a profitable exit point.
Morocco’s T2S IPO Draws 111,000 Investors, 44 Times Oversubscribed
Moroccan med-tech company T2S Group Holding drew more than 111,000 investors to its initial public offering, with demand exceeding the shares on offer by nearly 44 times, extending a string of heavily oversubscribed listings on the Casablanca Stock Exchange.
IPO of T2S: a 43.75 Times Higher Subscription than Offer, a Record for the Casablanca Stock Exchange
A massive subscription for T2S L-introduction on the Stock Exchange (IPO) of T2S was oversubscribed 43.75 times, for a rate of satisfaction of 2.29%, announced on Monday in Casablanca the general manager of the Casablanca Stock Exchange, Nasser Seddiqi. More than 110,000 investors expressed the wish to become shareholders of T2S, the aggregate demand having far exceeded the available offer. A total of 215,814,160 shares were requested, for an am…
The introduction of T2S on the stock exchange has been oversubscribed 43.75 times by more than 110,000 investors, i.e. a satisfaction rate of 2.29% The post IPO of T2S: the oversubscribed transaction 43.75 times by more than 110,000 investors appeared first on LesEco.ma.
Coverage Details
Bias Distribution
- 100% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
