Taaleem IPO this week: Here’s what you need to know

What is an IPO – Learn more

About Taaleem

Taaleem is a leading higher education provider in Egypt, which owns and operates Nahda University in Beni Suef with two campuses in Beni Suef Governorate. 

Financial Highlights

Offering Information

The offering consists of a 100% secondary sale of shares amounting to 357M shares, representing 49% of the company. Secondary sale means no new shares will be offered, the selling shareholders will be offering some of the shares they already have to the public. 

5% of the total offering (~100 million EGP) is allocated to individual (non-institutional) investors – Who should submit their orders between Sunday 28th of March and Thursday 1st of April. It is pretty common in IPOs to receive orders more than the allocated amount. In such a case, allocation is then to be made on a pro-rata basis.

  • Example:
    • Offering size: 100 million EGP
    • Orders submitted by individual investors: 400 million EGP
    • Subscription coverage:  4 times
    • Allocation: each individual investor to receive 25% of what they asked for

The Best Part of It – Your Investment in the IPO is protected

The selling shareholders have established a stabilization fund that covers 100% of the IPO retail offering. The purpose of the fund is to offer investors the chance to return their shares to the selling shareholder at the same IPO price after 30 days. This means that if the price of the stock falls below the IPO price within the first 30 days, you can sell it back at the same price you bought it for. You heard that right, you have nothing to lose.

How can you be part of this?

  1. Download Thndr app and open an investment account – If you already have an account with Thndr, you are good to go
  2. Fund your account with at least 25% of your required investment amount. 
  3. Send an email with your subscription order to orders@thndr.app
  4. Post allocation, you will be requested to fund the balance of your allocated investment, if needed be
  5. Have any questions or want to talk to one of our team members, we will be hosting a Zoom session on Monday at 8 PM. Register to attend through the button below

More Information

The “Public Subscription Note”: This tell-all document is required of all companies going public in Egypt and should include all information about the company. It should be required reading for anyone thinking of investing.

The “Valuation Report”: The how-much-the-company-is-valued report  was performed by an BDO, an independent financial advisor, who is registered with the Financial Regulatory Authority of Egypt. 

The “Intention To Float”: Brief document developed by the company highlighting the value proposition