The stock of e-finance For Digital and Financial Investments jumped during the first few minutes of its trading debut on the Egyptian Exchange (EGX).
By 10:07 a.m. Cairo time, e-finance jumped by 43.06% to EGP 20 after 29.61 million shares were exchanged at a turnover of EGP 577.05 million.
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Earlier, e-finance has set the final price for its initial public and private offerings on the EGX at EGP 13.98 per share.
The EGX said that the public and private offerings of e-finance for Digital and Financial Investments have been executed on 417.777 million shares, representing 26.10% of the company’s issued capital, at a total value of EGP 5.84 billion or EGP 13.98 per share.
