The Clap
Ebtikar has pushed back its anticipated IPO until further notice.
Who is Ebtikar?
Ebtikar is the product of a joint investment between MTI and B Investments. It provides non banking financial services.
The Deets
Due to the current conditions of the EGX, Ebtikar has pushed back its IPO until market conditions begin to improve.
They were initially set to go public during this year (2022). However, the current sell off by foreigners that’s pushing the EGX down has pressed pause on their plan.
Just Ebtikar?
Ebtikar is not the only company who has pushed back its IPO. Abu Auf and a number of government owned companies had intended to go public but also opted to push that back to a later date due to the poor market conditions.
To be or not to be (public) 👀
