MNT-Halan Launches IPO, Raising Up to $150 Million in Egypt
MNT-Halan, Egypt’s first fintech unicorn, began a public share subscription at EGP 24.5 ($0.47) per share on Oct 5, valuing the company at EGP 39.2 bn ($750 m).
In Brief
- •MNT-Halan, Egypt’s first fintech unicorn, began a public share subscription at EGP 24.5 ($0.47) per share on Oct 5, valuing the company at EGP 39.2 bn ($750 m).
- •The base offer covers 320 m existing shares (~20 % of the company) and could raise EGP 7.84 bn ($150 m); trading is slated for Oct 20.
- •Shareholder proceeds will go to the selling shareholder, who plans to reinvest up to EGP 4 bn ($76 m) into the Egyptian business and use the rest for Turkish operations and an acquisition.
- •Commercial International Bank and London fund Redwheel have already committed about 39 % of the base offer, indicating strong early demand.
Why It Matters
MNT-Halan’s IPO marks a significant milestone for Egypt’s fintech ecosystem, showcasing investor confidence in large-scale growth companies. The non‑conventional structure—selling existing shares rather than new equity—provides a unique insight into how Egyptian firms can raise capital while retaining operational control. The planned reinvestment into the domestic business and overseas ventures signals a strategic push to expand both locally and internationally, potentially boosting job creation and technological innovation across the region.
Key Details
- Offer Price
- EGP 24.5 ($0.47) per share
- Valuation
- EGP 39.2 bn ($750 m)
- Base Offer Shares
- 320 m existing shares (~20 %)
- Potential Raise
- EGP 7.84 bn ($150 m)
- Trading Start
- Oct 20, 2026
- Shareholder Reinvestment
- up to EGP 4 bn ($76 m)
- Early Demand Commitments
- ≈39 % of base offer
Context & Background
MNT-Halan, Egypt’s first fintech unicorn, is conducting a non‑conventional IPO where a shareholder sells existing shares, with proceeds earmarked for reinvestment and overseas expansion.
What To Watch
Trading of MNT-Halan shares expected to begin on Oct 20, 2026.
Original Reporting & Sources
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