Cairo - Mubasher: IT Synergy Co. seeks to add strategic partner, after the cancellation of its initial public offering (IPO) on NILEX - Nile Stock Exchange, said a bourse statement.
Earlier, the firm said it cancelled its intention to offer 20% that is equivalent to 200 shares at EGP 35/shr and par value of EGP/shr on NILEX.
IT Synergy looks forward to add strategic partner as an alternative to the IPO, after the year-end holiday, said Mohamed Maher, Vice Chairman & CEO of Prime Holding.
Prime Holding acted as IT Synergy's IPO book runner.
Earlier, IT Synergy shareholders approved the company's fair value at EGP 43.32/shr.
