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Raya Contact Center IPO covered 10.36 times

Raya Contact Center IPO covered 10.36 times
The Egyptian Exchange (Photo credit: Mubasher)
Raya Contact Center
RACC
-0.85% 5.85 -0.05

Cairo – Mubasher: The Egyptian Exchange (EGX) said Thursday that the initial public offering (IPO) of Raya Contact Center was covered 10.36 times.

Total purchase orders amounted to 50.7 million shares, according to a statement.

The company had earlier offered 44.09 million shares for subscription.