Egypt: MNT-Halan Plans IPO On Egyptian Exchange

Egyptian fintech unicorn MNT-Halan is preparing to list 20 percent of its shares on the Egyptian Stock Exchange. The company, founded in 2018, was valued at $1.4 billion after its latest funding round in June. This initial public offering (IPO) is expected to be completed this month, subject to market conditions and regulatory approvals.

MNT-Halan plans to offer 320 million ordinary shares, representing one-fifth of its issued share capital. This will be achieved through a combination of a public…