Fawry Over the Years
05 April 2024•
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Fawry’s journey to reaching unicorn status was a long one driven with strategic moves and focused vision up until a landmark moment in 2019 when the company put 36% of its shares on the Egyptian Exchange (EGX) at LE 6.46 (US $0.21) per share.
With an IPO that was oversubscribed by an overwhelming 30.3 times, aiming to accumulate LE 1.6 billion (US $51,780,000), this strategy wasn’t merely a fundraiser but an astute maneuver to involve influential stakeholders in its journey.
About 21% of the offering was divided between Actis, Banque Misr, and the National Bank of Egypt, the rest engaging public and substantial investors.
Author
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We are a team of passionate Researchers, Data Junkies, and Story-Tellers that believe there is not enough quality business insights and compelling data analysis available in the marketplace, told in the formats users want. We want to give an insider's look into the industries, businesses and economies that are changing the world today, so our users can become inspired, empowered and equipped to run their businesses as best they can.
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