Vicenne: A 40% Performance in Its First Week on the Stock Market

Vicenne’s IPO lived up to expectations. The medical device specialist ended its first trading week on the Casablanca Stock Exchange with a 40% gain. Listed on July 15 at 236 dirhams per share, Vicenne closed the week at 345.35 dirhams, an increase of 109.35 dirhams in four days. The stock hit the daily regulatory limit every day, driven by strong demand. The buying momentum did not falter after the IPO. As recently as yesterday, the stock traded actively and ended with a daily gain of nearly 10%. At closing, demand continued to exceed supply, suggesting the upward trend may persist in the coming sessions. The operation, which involved a capital increase of 500 million dirhams, generated record interest. No fewer than 37,674 subscribers took part, with total demand reaching 32.1 billion dirhams — a subscription rate 64 times the initial offer. Over 98% of subscribers were individual investors, 40% of whom were new entrants to the stock market. This exceptional turnout reflects a renewed interest in the equities market as a whole, driven by the appeal of the healthcare sector and a favorable stock market context. With a current market capitalization close to 3.5 billion dirhams, Vicenne is already establishing itself as a stock to watch on the Casablanca Stock Exchange.