Huge oversubscription for Egypt’s MNT Tech share offer

Demand was huge for shares in Egypt’s MNT Tech Holding for Financial Investments with 43x oversubscription for the initial public offering (IPO) portion of the share sale and 11x oversubscription for the private placement. The company had a target to raise EGP 7.84bn ($142m). The shares started active trading on the Egyptian Exchange (EGX) on…

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