​The announced indicative price range of $3.25 to $3.74 implies a pre money market capitalization of between $740m and $850m. The Offer will consist of a public offering of shares in Egypt and a private placement of shares to Egyptian and international institutional investors, including to Qualified Institutional Buyers in the United States under Rule 144A. MOS will commence its institutional roadshow in relation to the Private Placement on 16 April 2008 and expects pricing to occur on or around 22 April 2008. Unconditional trading on the CASE will commence on or around 5 May 2008. EFG Hermes has been appointed Sole Global Coordinator and Bookrunner to the MOS Initial Public Offering.