Egypt’s EGX sees IPO of private company before year-end

Shares in a private company are expected to be offered on the Egyptian stock exchange (EGX) before the end of the current year, the bourse chairman said at a news conference on Monday.

Mohamed Farid did not give any additional details.

The last IPO of a private company was digital payments company Fawry, whose shares jumped more than 35 percent at their first trading session.

Source: Reuters