Cairo – Mubasher: An Egyptian private company is expected to float its shares in an initial public offering (IPO) on the Egyptian Exchange (EGX) before the end of 2019, the EGX’s chairman Mohamed Farid said.
It is noteworthy that Fawry for Banking Technology and Electronics Payments has recently offered 36% of its shares on the Egyptian bourse in public and private offerings.
The e-payment platform’s institutional offering was oversubscribed by 15.9 times, while the retail offering was oversubscribed by 30.3 times.
