The Government IPOs Committee has decided to offer 14.5% of e-finance for financial and digital investments on the Egyptian Stock Exchange for 177.8 million shares, by increasing the capital in the primary market, to A side offering in the secondary market for 80 million shares, according to a statement issued by the company.
Government sources told "Al Borsa" newspaper, that the percentage of the private offering will range between 90 and 95% of the total shares offered, and the remaining percentage for individual investors, and the prospectus has been sent. to the Financial Supervisory Authority for approval, including the offering price range, which was determined by the independent financial advisor.
The company refused to disclose the details of the minimum and maximum price of the offering, but sources in the investment banks participating in the offering confirmed to the " Stock Exchange" that the company was first promoted with It was well received by investors, especially that the company's size is large, as well as its work in a sector that attracts the interest and passion of global investors.
