Alliances Developpement Immobilier IPO Morocco

A new IPO or initial public offering is on its way to enter the Moroccan capital markets. The IPO belongs to Moroccan property company Alliances Developpement Immobilier.

What is the expected size of the Alliances Developpement Immobilier IPO Morocco?
The Alliances Developpement Immobilier IPO expects to raise around 2 billion Dirhams from the IPO.

Where will the shares of Alliances Developpement Immobilier IPO be listed?
The shares of Alliances Developpement Immobilier IPO Morocco will be listed on the Casablanca Stock Exchange.

When will the Alliances Developpement Immobilier IPO open for subscription?
The Alliances Developpement Immobilier IPO will open for subscription on date July 2 to July 7. If the demand for the IPO is huge, then it may close early, on July 3, 2008.

How many shares will be sold through the Alliances Developpement Immobilier IPO?
A total of 2.915 million shares will be offered for sale through the Alliances Developpement Immobilier IPO from Morocco.

What is the price per share of Alliances Developpement Immobilier IPO Morocco?
Each share of Alliances Developpement Immobilier IPO will be offered for sale at the price of 685 dirham each.

What are the price to earnings PE ratio of Alliances Developpement Immobilier IPO Morocco?
Using DCF analysis, the PE ratio or price to earnings ratio of Alliances Developpement Immobilier IPO Morocco comes to around 41 times the estimated earnings of 2008.

What is the primary business and valuation of Alliances Developpement Immobilier IPO Morocco?
Alliances specialises in studying, building and selling housing and tourism developments, often in partnership with major operators including Accor, Four Seasons Hotels, Club Med and TUI.

The IPO is lead managed by Attijariwafabank.

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