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The initial public offering (IPO) of Vicenne, a leading Moroccan medical equipment company, broke a new record on the Casablanca Stock Exchange with an IPO that was oversubscribed 64 times.
The offering attracted over 32 billion dirhams in demand by investors for shares worth just 500 million dirhams, resulting in an unprecedented oversubscription.
Vicenne offered 2.1 million new shares at a fixed price of MAD 236, valuing the company at MAD 2.4 billion.
The IPO drew 37,674 investors, including over 36,000 individual investors from 49 different nationalities.
Notably, 40% of these retail investors were first-time participants in the stock market, signaling a significant shift toward broader public engagement in equity investment.
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