Gourmet Foods sets the final offering price at 6.90 pounds per share.

Written by - Merit Nadi: "Gourmet Egypt Dot Com for Food," a company specializing in the luxury retail of food products, announced the successful completion of the Bookbuilding process and the final pricing for the initial public offering (IPO) of its ordinary shares at 6.90 Egyptian pounds per share. The company explained in its statement issued today that the private offering witnessed a coverage of 12.22 times, and according to the offering price, the market value of "Gourmet" will amount to approximately 2.76 billion Egyptian pounds. The private offering, which is a tranche available to financial institutions, individuals, and entities experienced in the field of securities and financial solvency, and the public offering, which is a tranche offered to the public in Egypt, are collectively referred to as the combined offering. The combined offering consists of up to 152 million shares allocated for the private offering, in addition to 38 million shares allocated for the public ...