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- The prospectus announced today reveals that 16 percent of the company’s shares with a capital of 800 million pounds will be offered in two tranches
RIYADH: Egyptian state-controlled payments firm will start receiving orders for its public offering on Sunday, October 10, and the subscription window will close on Thursday, October 14, Asharq repored.
Founded in 2005, e-finance for Digital and Financial Investments (e-finance) announced in September it would offer up to 14.5 percent of its capital in an initial public offering in the fourth quarter of 2021.
The prospectus announced today reveals that 16 percent of the company’s shares with a capital of 800 million pounds will be offered in two tranches. The first for institutions with 90 percent of the offering size and 10 percent for the public.
The company set the subscription price at a maximum of 13.98 pounds per share.