Egyptian Fintech MNT-Halan Raises $150 Million in IPO as Shares Surge 18% on Trading Debut

Egyptian fintech company MNT-Halan has made a strong debut on the Egyptian Exchange following an initial public offering (IPO) that raised EGP 7.84 billion, approximately $150 million, attracting significant interest from local and international investors. The company’s shares climbed as much as 18% during their first trading session on October 20, 2026, rising from the offering price of EGP 24.50 to EGP 28.91. The increase valued its listed Egyptian operations at approximately $745 million.