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Tuesday, 17 November 2020

E-Finance IPO pushed to 1Q2021

IPO WATCH- E-Finance has formally pushed its IPO to 1Q2021: The government has pushed the IPO of fintech player E-Finance to 1Q2021, Chairman Ibrahim Sarhan said yesterday, according to Masrawy. The value of the listing will be determined during the next general assembly meeting in February, he said. The listing was originally scheduled to take place this quarter after plans to go public in April were derailed by the pandemic. This came after the government pushed the original plan to list in 2019 due unexpected delays.

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