Cairo - Mubasher: IT Synergy Co.'s initial public offering (IPO) has been covered by nearly 27.5% a day before the IPO's closing date, said a bourse statement.
The IPO was covered through requesting 35,000 shares, representing 27.5% of 200,000 shares offered by the company in the capital market.
Earlier, the Egyptian Exchange said it will open the OPR market starting 15 December until 21 December for placing buy orders on IT Synergy.
IT Synergy posted net profits of EGP 806,000 for the first nine months of 2015.
