{"id":557419,"date":"2021-09-19T04:00:06","date_gmt":"2021-09-19T04:00:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/e-finance-to-ipo-this-fall\/"},"modified":"2021-09-19T04:00:06","modified_gmt":"2021-09-19T04:00:06","slug":"e-finance-to-ipo-this-fall","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/e-finance-to-ipo-this-fall\/","title":{"rendered":"E-Finance to IPO this fall"},"content":{"rendered":"

<\/a> E-Finance, the state-owned fintech platform and digital payment <\/strong>infrastructure provider could become the second company to IPO on the EGX this year <\/strong>after formally announcing its intention to go ahead with a public share sale in 4Q2021. In an intention to float (pdf)<\/a> released early this morning, the company revealed plans to offer up to 14.5% of its shares on the Egyptian bourse next quarter in a sale that would see the company offer almost 258 mn shares to investors, 177.8 mn in a primary issue and 80 mn in a secondary sale.<\/p>\n

Shares will be offered to both institutional investors and retail investors<\/strong> at the same price, according to the statement, which didn\u2019t disclose how many shares might be allocated to institutional players. E-Finance is still waiting for the customary regulatory approvals<\/strong> from the EGX and the Financial Regulatory Authority. The company has been looking to IPO since 2019<\/a>, but had plans kicked down the road thanks to the covid-19 pandemic.<\/p>\n

So what does e-Finance do? <\/strong>For starters, you can think of it as the providing the pipes down which you send the government funding. \u201cE-finance is the sole entity authorized exclusively to process and settle Government payment and collection transactions and is the state\u2019s digital partner of choice,\u201d the ITF says. The company is also positioning itself as a leader in digital payments, pointing to an \u201cecosystem of bill aggregators\u201d it owns including Khales, a central bill processing hub that it calls an \u201caggregator of aggregators\u201d for 13 partners, more than 326k POS machines, a mobile app and digital bill payment portal. E-finance also owns e-aswaaq, a \u201cdigital purchasing platform with more than 300k merchants specializing in agriculture, commerce, industry and tourism,\u201d among other services.<\/p>\n

How will the offering be priced? <\/strong>Look for more information there in the weeks to come as the investment bankers gauge appetite. E-finance is IPOing based on its audited FY2020 financials and a \u201climited review\u201d of its 1H2021 statements, it said.<\/p>\n

Strong recent growth looks set to attract investors:<\/strong> The digital payments firm recorded net earnings of EGP 352 mn in 2020, up 30% from 2019, according to figures included in the ITF. Its top line, meanwhile, grew to EGP 1.2 bn last year, good for a 2018-2020 CAGR of 41%. The company looks set to beat that growth rate again this year if its 2021 figures f are anything to go by, reporting EGP 276 mn in net earnings in 1H2021 on EGP 904 mn in revenues.<\/p>\n

Key investment drivers: <\/strong>The company points to the booming MEA digital payments market, which in Egypt is being driven by \u201cregulatory reforms, a young population, and growing smartphone penetration.\u201d E-Finance is also positioning itself as \u201cthe state\u2019s exclusive digital partner, providing a one-stop-shop e-payments solution.\u201d<\/p>\n

Ambitious plans to expand into every corner of digital Egypt: <\/strong>E-Finance lays out a four-pronged strategy for expansion on the back of the IPO. It will look to build new digital solutions for services, including automated border control systems, or e-Gates, and smart transportation. It is also set to acquire a number of new platforms: one for POS machines and ATMs, an e-payments platform for banks, a B2C digital payment platform, digital lending platforms, and a management platform. The company will also add new services including in data analytics, cybersecurity and enhanced hosting. Finally, E-Finance has established a fintech accelerator to grow new startups in Egypt\u2019s underpenetrated digital financial services sector.<\/p>\n

ADVISORS: <\/strong>Renaissance Capital, CI Capital and Al Ahly Pharos are quarterbacking the transaction as co-lead managers. NI Capital is acting as the IPO advisor for the listing. Zaki Hashem & Partners has been appointed as counsel for e-Finance, while Norton Rose Fulbright LLP is acting as US counsel to the co-lead managers. Inktank is the investor relations advisor.<\/p>\n

This is the EGX\u2019s second IPO of 2021<\/strong>, following Taaleem\u2019s debut<\/a> in April. LSE-listed healthcare player IDH<\/a> also completed a technical listing, transferring 5% of its shares from London to the EGX in May.<\/p>\n

WATCH THIS SPACE- E-Finance\u2019s IPO will be closely watched by other players contemplating an IPO. <\/strong>EGX boss Mohamed Farid expects<\/a> 5-6 IPOs this year after postponements in 2020 thanks to the pandemic. But whether and when we see an Ebtikar<\/a> or Macro Group<\/a> go to market this fall or winter will very much depend on how the e-Finance offering performs.<\/p>\n

Regulators have been trying to persuade more companies to list on the EGX<\/strong>, most recently amending listing rules<\/a> to make it easier for larger firms to go public in Egypt. Companies no longer need to offer a 25% stake and can instead sell shares equal to the 1% of the exchange\u2019s freefloat market cap.<\/p>\n

IN OTHER IPO NEWS-<\/strong><\/p>\n

OCI NV<\/strong>, Adnoc fertilizer giant could IPO next month:<\/strong> OCI NV\u2019s fertilizer venture with the Abu Dhabi National Oil Company (Adnoc) could debut on the ADX as soon as October, Bloomberg<\/a> reports, citing sources familiar with the transaction. Fertiglobe, a joint venture between OCI NV and the Emirati energy giant, could list a 10-15% stake on the Abu Dhabi bourse in what would be one of the UAE\u2019s largest offerings in years.<\/p>\n

Fertiglobe\u2019s advisors have already held initial meetings with investors<\/strong>, and plan to formally announce the IPO in the coming weeks, the sources said. Bloomberg<\/a> reported in April that Morgan Stanley, Citigroup, HSBC and First Abu Dhabi Bank are advising the company on the listing. Sources said in April that the IPO could value Fertiglobe at around USD 7 bn<\/strong>, but the company could now fetch even more following a rebound in fertilizer prices and damage sustained by fertilizer producers in the US and the Gulf of Mexico as the result of recent extreme weather events.<\/p>\n

About Fertiglobe:<\/strong> OCI NV and Adnoc agreed to merge their fertilizer businesses<\/a> into a single company in 2019, creating what they said was the largest fertilizer producer in the Middle East. OCI owns 58% of the company and Adnoc holds the remaining 42%.<\/p>\n

(THIS STORY WAS CORRECTED ON 19 SEPTEMBER<\/strong> to reflect the fact that\u00a0Fertiglobe is a JV between OCI NV and Adnoc, not Orascom Construction as we had previously written.)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

E-Finance, the state-owned fintech platform and digital payment infrastructure provider could become the second company to IPO on the EGX this year after formally announcing its intention to go ahead with a public share sale in 4Q2021. In an intention to float (pdf) released early this morning, the company revealed plans to offer up to […]<\/p>\n","protected":false},"author":1,"featured_media":557420,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7224],"tags":[1703,581,339,68,72,1585,99,78],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-557419","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-watch","tag-adnoc","tag-adx","tag-e-finance","tag-egx","tag-enterpriseam","tag-fertiglobe","tag-fertilizers","tag-ipo-watch","wpautop","entry"],"acf":{"mongo_id":"172bb5a9-c959-409e-9e3c-1d190d7fd256","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/9\/245.jpg","photo_position":"above","related_issue":[557415],"teaser":"","voice_url":""},"yoast_head":"\nE-Finance to IPO this fall - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/e-finance-to-ipo-this-fall\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"E-Finance to IPO this fall\" \/>\n<meta property=\"og:description\" content=\"E-Finance, the state-owned fintech platform and digital payment infrastructure provider could become the second company to IPO on the EGX this year after formally announcing its intention to go ahead with a public share sale in 4Q2021. In an intention to float (pdf) released early this morning, the company revealed plans to offer up to […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/e-finance-to-ipo-this-fall\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-19T04:00:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/245.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/e-finance-to-ipo-this-fall\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/e-finance-to-ipo-this-fall\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"E-Finance to IPO this fall\",\"datePublished\":\"2021-09-19T04:00:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/e-finance-to-ipo-this-fall\/\"},\"wordCount\":1011,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/e-finance-to-ipo-this-fall\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/245.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ADNOC\",\"ADX\",\"e-finance\",\"EGX\",\"EnterpriseAM\",\"Fertiglobe\",\"fertilizers\",\"IPO watch\"],\"articleSection\":[\"IPO\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/e-finance-to-ipo-this-fall\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/e-finance-to-ipo-this-fall\/\",\"name\":\"E-Finance to IPO this fall - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/e-finance-to-ipo-this-fall\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/e-finance-to-ipo-this-fall\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/245.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2021-09-19T04:00:06+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/e-finance-to-ipo-this-fall\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/e-finance-to-ipo-this-fall\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/e-finance-to-ipo-this-fall\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/245.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/245.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/e-finance-to-ipo-this-fall\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"E-Finance to IPO this fall\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"E-Finance to IPO this fall - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/e-finance-to-ipo-this-fall\/","og_locale":"en_US","og_type":"article","og_title":"E-Finance to IPO this fall","og_description":"E-Finance, the state-owned fintech platform and digital payment infrastructure provider could become the second company to IPO on the EGX this year after formally announcing its intention to go ahead with a public share sale in 4Q2021. In an intention to float (pdf) released early this morning, the company revealed plans to offer up to […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/e-finance-to-ipo-this-fall\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2021-09-19T04:00:06+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/245.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/e-finance-to-ipo-this-fall\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/e-finance-to-ipo-this-fall\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"E-Finance to IPO this fall","datePublished":"2021-09-19T04:00:06+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/e-finance-to-ipo-this-fall\/"},"wordCount":1011,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/e-finance-to-ipo-this-fall\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/245.jpg?fit=%2C&ssl=1","keywords":["ADNOC","ADX","e-finance","EGX","EnterpriseAM","Fertiglobe","fertilizers","IPO watch"],"articleSection":["IPO"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/e-finance-to-ipo-this-fall\/","url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/e-finance-to-ipo-this-fall\/","name":"E-Finance to IPO this fall - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/e-finance-to-ipo-this-fall\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/e-finance-to-ipo-this-fall\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/245.jpg?fit=%2C&ssl=1","datePublished":"2021-09-19T04:00:06+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/e-finance-to-ipo-this-fall\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/e-finance-to-ipo-this-fall\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/e-finance-to-ipo-this-fall\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/245.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/245.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/e-finance-to-ipo-this-fall\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"E-Finance to IPO this fall"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/245.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/245.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/245.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":557743,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/30\/e-finance-ipo-could-go-ahead-next-month\/","url_meta":{"origin":557419,"position":0},"title":"E-Finance IPO could go ahead next month","author":"enterpriseam admin","date":"30 September 2021","format":false,"excerpt":"E-Finance IPO could wrap up next month: The IPO of state-owned e-payments and fintech platform E-Finance could take place at the end of October or early November, Chairman Ibrahim Sarhan confirmed to Enterprise. The company earlier this month announced its intention to debut on the Egyptian bourse in the fourth\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/418.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":556258,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/18\/foreign-institutions-lining-up-for-e-finances-ipo-sarhan\/","url_meta":{"origin":557419,"position":1},"title":"Foreign institutions lining up for e-Finance\u2019s IPO \u2013Sarhan","author":"enterpriseam admin","date":"18 October 2021","format":false,"excerpt":"Foreing investors had heavy appetite for shares of e-Finance, the state-owned fintech platform and payments infrastructure provider whose ongoing offering on the Egyptian Exchange is set to be the largest IPO that Egypt has seen in years. The bankers quarterbacking the transaction have yet to release official figures, but you\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/190.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":556367,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/24\/e-finance-shares-soar-50-in-egx-debut-company-looks-to-ma-launch-of-e-health-platform\/","url_meta":{"origin":557419,"position":2},"title":"e-Finance shares soar 50% in EGX debut, company looks to M&A, launch of e-health platform","author":"enterpriseam admin","date":"24 October 2021","format":false,"excerpt":"e-Finance shares jump 50% in EGX debut: Shares in state-owned fintech platform and payment infrastructure provider e-Finance jumped 50% in their trading debut on the EGX last Wednesday. Trading under the ticker EFIH, the company rose as much as 79% to EGP 25 per share during the session before closing\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/237.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561324,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/04\/retail-investors-have-big-appetite-for-taaleem\/","url_meta":{"origin":557419,"position":3},"title":"Retail investors have big appetite for Taaleem","author":"enterpriseam admin","date":"4 April 2021","format":false,"excerpt":"Retail investors poured into higher education management company Taaleem\u2019s IPO last week, leading the retail portion of the offering to close more than 29x oversubscribed on Thursday, bookrunner CI Capital announced, according to Al Mal. Retail investors placed bids for 525.6 mn shares by the close of play on Thursday,\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":625174,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/30\/sarwa-prices-ipo-at-egp-7-04-8-00-per-share-trading-to-start-on-15-october\/","url_meta":{"origin":557419,"position":4},"title":"Sarwa prices IPO at EGP 7.04-8.00 per share, trading to start on 15 October","author":"enterpriseam admin","date":"30 September 2018","format":false,"excerpt":"IPO WATCH- Sarwa prices IPO at EGP 7.04 to EGP 8.00 per share, trading to start on 15 October: Consumer and structured finance player Sarwa Capital announced yesterday that it expects to price its initial public offering at EGP 7.04 to EGP 8.0 per share. Our friends at Sarwa are\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591230,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/01\/rameda-pharma-retail-offering-oversubscribed-on-first-day\/","url_meta":{"origin":557419,"position":5},"title":"Rameda Pharma retail offering oversubscribed on first day","author":"enterpriseam admin","date":"1 December 2019","format":false,"excerpt":"IPO WATCH- Rameda Pharma retail offering oversubscribed on first day: The retail component of Rameda\u2019s IPO was oversubscribed at the close of play on Thursday, market sources told the local press. Retail investors put in orders for 19.65 mn shares, handily covering the 18.83 mn shares offered by the pharma\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/557419","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=557419"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/557419\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/557415"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/557420"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=557419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=557419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=557419"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=557419"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=557419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}