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Source: Egyptian Stock Market News
The electronic payment services company, the first of its kind on the Egyptian stock market, will begin to offer a significant share of its capital in cooperation with EFG-Hermes.
The stock market will be stabilized on the last day of the day, between 36% and 40%, while the acquisition of 21% of the strategic investors of the company will remain stable and the rest will represent between 15% and 19% of offers public and private.
The private placement is scheduled for July 27-31 and August 1-5. The company will begin operations on August 8th.
The investment bank EFG-Hermes will today launch the national official promotion of badet managers in the Egyptian market, followed by promotion in the United Arab Emirates and London in the coming days, as well as in other countries of the world. Gulf, Europe and South Africa by conference call.
The company used the definitive price for the fixed price method and did not use the book building construction mechanism, which was used to determine the final price of the Egyptian stock market during the recent period. .
It is estimated that the valuation of the company has taken into account the high growth rate of sales and profits in recent years and that it doubles each year the company's ratings with the entry each new investor in the capital structure with complications ranging from 2 to 3 times a year.
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