Mounir Nakhla's MNT-Halan draws strong demand ahead of Cairo listing
The Egyptian fintech company opened a $150 million share sale on the Cairo bourse, valuing it at $750 million.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
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What happened
Egyptian fintech tycoon Mounir Nakhla's MNT-Halan, Egypt's largest fintech lender, is preparing a Cairo stock listing. More than 300 investors in over 10 countries bid for its shares, creating institutional demand 11 times the offering size. The $150 million subscription opened on the Cairo Bourse at a $750 million valuation.
Why it matters
It is the biggest Egyptian fintech share sale since 2021 and a test of investor appetite for fast-growing emerging-market listings.
Timeline
- Oct 15, 3:50 AM ET: More than 300 investors in over 10 countries bid for shares ahead of the Cairo listing, drawing 11 times institutional demand.
- Oct 16, 12:00 AM ET: The $150 million subscription opened on the Cairo Bourse, with the company valued at $750 million.
Coverage
- MNT-Halan Opens $150m IPO Subscription on Cairo Bourse (The Fintech Times)
- Egyptian fintech tycoon Mounir Nakhla's IPO draws 11 times demand from institutions (billionaires.africa)
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