Casablanca Stock Exchange: CFG Bank's IPO oversubscribed
CFG Bank's IPO was, unsurprisingly, a great success with investors. According to several members of the underwriting syndicate, data collected on Thursday, a few hours after the close of subscriptions, indicates that the operation was oversubscribed between 25 and 30 times by an estimated 20,000 investors. This figure could change in either direction once all orders have been processed.