Fawry Over the Years
Published date : 05 April 2024

Fawry Over the Years

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.

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