Marketing-Börse PLUS - Fachbeiträge zu Marketing und Digitalisierung
Marketing-Börse PLUS - Fachbeiträge zu Marketing und Digitalisierung
print logo

London Stock Exchange welcomes Egypt’s Integrated Diagnostics Holdings

IDHC becomes first Egyptian healthcare company to complete a UK offering, second listing by an Egyptian company in London this year, third healthcare company from the MENA region to list in London.
10.05.15 | Source: The Wall Street Transcript

London Stock Exchange formally welcomed Egypt's Integrated Diagnostics Holdings (IDHC) to its markets today. The Cairo-based company, which operates 283 medical testing and radiology laboratories raised $290m in an initial public offering. IDHC's market capitalisation on completion of the public offer was $668m and rose to $880m, an increase of 26 per cent on its first day of trading. The listing was 12 times oversubscribed.

IDHC is the second Egyptian company to list in London in 2015 after packaged snack manufacturer, Edita's successful dual-listing in London and Cairo in April. IDHC is the first Egyptian healthcare company and the third such company from the MENA region to list in London, after NMC Healthcare in 2012 and Al Noor Hospitals in 2013.

continue reading at The Wall Street Transcript
FREE NEWSLETTER