IPOs
Companies are coming back to the Casablanca Stock Exchange, one offering at a time.
| Company | First listing | Price (MAD) | Amount (MAD m) | Oversubscription | Investors |
|---|---|---|---|---|---|
| T2S Group | July 2026 | 223 | 1,100 | 43.75 times | over 110,000 |
| SGTM | December 16, 2025 | 420 | ≈ 5,000 | 34 times | — |
| Cash Plus CAP | December 2025 | 200 | 750 | 64 times | 80,759 |
| Vicenne | July 15, 2025 | — | ≈ 500 | 64 times | 37,674 |
| CMGP Group | December 2024 | 200 | 1,100 | 37 times | — |
| Akdital AKT | December 14, 2022 | 300 | 1,200 | — | — |
| Disty Technologies | July 2022 | 284 | 172 | — | — |
Empty fields have not yet been confirmed by a public source. "≈": approximate amount or amount sought. Data updated on October 28, 2026.
The offerings in detail
T2S Group
First listing: July 2026
81st company listed on the Casablanca Stock Exchange. MAD 350 million of new shares and MAD 750 million of existing shares sold.
Sources: Boursenews, July 27, 2026; AGBI.
SGTM
First listing: December 16, 2025
Sale of about one fifth of the capital. The largest offering of 2025.
Cash Plus
First listing: December 2025
First fintech listed in Casablanca. Total demand of MAD 48.82 billion.
Sources: TelQuel, December 8, 2025; Dalil Finance.
Vicenne
First listing: July 15, 2025
MAD 500 million sought, against demand of MAD 32.1 billion. Overall allocation rate of 1.56%.
Source: Hespress, July 15, 2025.
CMGP Group
First listing: December 2024
Source: Dalil Finance.
Akdital
First listing: December 14, 2022
Source: Dalil Finance.
Disty Technologies
First listing: July 2022
Source: Dalil Finance.
The three IPOs of 2025 (Vicenne, Cash Plus and SGTM) raised more than MAD 6 billion, according to the annual review published by Boursenews.
General information only. Nothing on this site constitutes investment advice or a recommendation to buy or sell.