Egypt's Fawry IPO 15.9 times oversubscribed on stock exchange

CAIRO - 1 August 2019: Egyptian digital payment company Fawry’s initial public offering on the Egyptian stock exchange was 15.9 times oversubscribed, the listing manager said on Thursday.

Investment bank EFG Hermes said the share price was 6.4 Egyptian pounds ($0.3874) per share.