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From: Hiba Kurdi
Cairo – Mubasher: The Egyptian Exchange Trading Platform (EGX) received Thursday the 216th entrant in its main market, the shares of "Fawry", a leading company in the field of banking and electronic payments, having registered a rise of around 37% in its first trading sessions. , Which allowed the market to earn about 300 points.
At the end of today's trading session, FOURY shares jumped 31.3% to 8.48 Egyptian pounds, with a market value of 394.3 million Egyptian pounds.
The rise was accompanied by the rise of the main index of the Egyptian stock market by 2.16% to 14,180 points and the value of exchange trades of 1.4 billion pounds across 282.8 million. 39; shares.
The Egyptian stock market has received an immediate share of Fillon's acquisition of Global Telecom and has fixed the stock market as the moment when it should be withdrawn from its quotations.
The Egyptian Stock Exchange (EGX) today announced that Fion Holdings BV's mandatory purchase offer on Global shares, valued at 9.72 billion Egyptian pounds, had been executed through 1.9 billion shares.
The Exchange has decided to remove Global Telecom Holding from the lists of securities authorized to carry out specialized activities – List A from the meeting of August 14, 2019.
EFG-Hermes, co-director of the IPO's promotion and underwriting division, said foreign investors had taken 70 to 80 percent of Fawry's private placement.
The company offered 36% of its shares on the Egyptian stock market – more than 254,629 million common shares – in two tranches, the first private placement to 31% and the second 5% public offering, priced at 6, £ 46 per share.
The private placement was oversubscribed 15.9 times for a value of 7.1 billion EGP ($ 431 million).
The private placement included 21% of Fawry's share capital, ie 149.94 million shares divided between Actis, National Bank and Misr Bank, as well as 69 million Fawry shares, or 9.8% of the total. capital of institutional and strategic investors.
The IPO was oversubscribed 30.3 times, with 1.06 billion shares listed on the market, through 2.34 thousand orders, versus 35 million shares offered by the company, or 5% of the capital of the company.
It should be noted that the Listing Committee of the Egyptian Stock Exchange approved the listing of Fawry Bank Technology and Electronic Payments in the capital of LE 353.65 million, spread over 707.3 million shares, a nominal value of 50 piastres per share, represented in 8 issues of the table of quotation of the Egyptian values.
The stock market announced that it would list the company's shares in the database as of Monday, July 29 (ie, once the 5-day period of registration to the completed, as follows: (p.1 – p.8) 707 304 120 shares.
appointments:
4. Factors mitigating the effect of the increase "Hydrocarbons" By reading inflation
The gold reserves of Egypt at the highest level since their floating
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