MNT-Halan’s local arm secured a temporary EGX main-board listing
· Egyptian market news · UNIT
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UP FIRST- Fintech giant MNT-Halan is readying a blockbuster IPO
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One of them got its answer, and it came from Paris.
Egyptian pharma players, meanwhile, are still waiting for their ship to come on.
^^ We’ve all of this and more
The Egyptian arm of MNT-Halan lined up approval yesterday from the EGX for what looks set to be a blockbuster IPO
MNT-Halan has been on the road in recent months testing market appetite
We expect the transaction to hit the market soon. as early as this year
SOUND SMART- Only the Egyptian unit is going public. The parent company that also owns arms in Pakistan, Turkey, and the UAE will remain private. have the mandate
OUR TAKE- This is exactly what the EGX needs.
REFRESHER- MNT filed its listing application last week. USD 1.4 bn valuation
Don’t expect a full exit for some early investors:
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