Redcon Construction has revived its plans to list a stake on the EGX as it looks to finance future expansion plans.
More on Redcon👷♀️ Redcon is a general contractor with a portfolio of projects in varied sectors such as residential, industrial, touristic, & medical, to name a few.
More Details🧐 Redcon initially had plans to IPO in 2019, which got delayed & then suspended with the rise of the pandemic.
Revival of talks about an IPO for Redcon was prompted after Redcon subsidiary “ROCC” launched its “Golden Gate” project in New Cairo.
Why is this Important🤔 Details of the size & timing of the offering are still undetermined, & will be influenced by conditions in global markets, such as inflation & rising interest rates by the U.S. Fed.
