URGENT: Furi's tender offer was closed 7.1 times a day before the closing of the IPO



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URGENT: Furi's tender offer was closed 7.1 times a day before the closing of the IPO
Company logo for electronic payments

Rana Mamdouh

The HAPI portal learned that coverage of Furi's public offer for electronic payments reached 7,088 times a day before the IPO closing.

The volume of applications reached 250.675 million shares against 35.365 million shares offered at the time of the IPO.

The total number of orders registered today is 881.

The private placement of shares of the company ended on July 31, 2019, while individuals began from July 28 to August 5. The shares will be traded on the stock market on August 8.

Friday, Furei electronic payment solutions set at 6.46 pounds per share the final price of the offer of 36% of its shares on the stock market.

The company plans to sell approximately 254,629 million shares representing 36% of its capital, of which 21.2% will be sold to strategic investors: Ahli Bank of Egypt and Banque Misr (7%) and Actis (7.2%). Private placement and the remaining 5% of the IPO.

Combined revenues for the first quarter of 2010 amounted to EGP 173.9 million, an increase of 36% over the previous year, EBITDA of LE 42.4 million, up 52 , 7% compared to the previous year.

The capital of the company is LE 353.7 million divided into 707.3 million shares with a par value of LE 0.5 per share.

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