SWVL to debut on Nasdaq, sets initial offer price at $10
- Date: 31-Mar-2022
- Source: Wamda
- Sector:Financial Markets
- Country:UAE
SWVL to debut on Nasdaq, sets initial offer price at $10
Source: Daily News Egypt
Swvl Holdings is preparing to start trading in the company’s shares on the Nasdaq Stock Exchange on Thursday at an indicative price per share of $10.
Youssef Salem — the CFO of Swvl Participatory Transportation — told Daily News Egypt that the company will offer a share ranging between 20-30% of the company’s total shares, with expected proceeds of between $200-300m, stressing that the trading of the share will take place during the first days of the offering.
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