EUROPE/MIDDLE EAST/AFRICA

摘要

Shares in Egypt's FAWRY were up 27.7% on debut on Thursday, following the digital payment company's E£1.6bn (US$100m) Egyptian Exchange IPO. The stock debuted at EE8.25, hit an intraday high of E£9.31 versus pricing at E£6.46 and closed at EE8.48, up 31.2%. Total subscription was 30.3 times for an offering of254.6m shares, representing a free-float of 36%. That implies a market capitalisation of E£4.6bn. A private placing for 10% of the stock was 15.9 times subscribed and totalled E£360m. A retail offer represented 13.89% of the stock in the IPO.