Public Markets

Egyptian fintech MNT-Halan plans October IPO of its local business, offering up to 25% stake

Oct 1, 2026

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2 min read

Egyptian fintech MNT-Halan plans October IPO of its local business, offering up to 25% stake

The sale will cover only MNT-Halan’s Egyptian operations, with its international businesses staying private. Parent company MNT Investments plans to inject up to EGP 4 billion into the local business after the IPO.

Jamie Lane

Public Markets

Inside Abhi’s IPO: the bank, the gold book and the logic behind its listing

Sep 9, 2026

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14 min read

Inside Abhi’s IPO: the bank, the gold book and the logic behind its listing

Abhi is preparing to list the Pakistani microfinance bank that now accounts for roughly four-fifths of its lending, with gold-backed loans at the heart of the business. We dug into the numbers and spoke with founder Omair Ansari about why it’s going public now and what investors are actually buying.

Jamie Lane

Public Markets

HUMAIN starts IPO preparations 16 months after launch, with revenues still undisclosed

Sep 7, 2026

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3 min read

HUMAIN starts IPO preparations 16 months after launch, with revenues still undisclosed

The Saudi AI company says its compute is selling before it is built, but an eventual public-market pitch will need to show who is paying for it and how much demand comes from outside the Kingdom’s state-backed ecosystem.

Jamie Lane

Foodtech

COFE closes $43M pre-IPO round at $178M valuation, targets Saudi listing by 2029

Sep 2, 2026

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2 min read

COFE closes $43M pre-IPO round at $178M valuation, targets Saudi listing by 2029

Wa’ed Ventures returns three years after leading its $15m Series B, as the Kuwait-born coffee-ordering app remakes itself into enterprise procurement and commerce software.

Jamie Lane

Results

Talabat generated 94% of Delivery Hero’s MENA profit as Saudi losses narrowed

Aug 28, 2026

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5 min read

Talabat generated 94% of Delivery Hero’s MENA profit as Saudi losses narrowed

Regional GMV rose 11.6% even as profit slipped, with Saudi Arabia appearing to move back towards breakeven ahead of Uber’s €13B takeover of the Berlin group.

Jamie Lane

Public Markets

Swvl secures $13M investment led by Sawiris-backed Coefficient as it targets US expansion

Aug 25, 2026

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2 min read

Swvl secures $13M investment led by Sawiris-backed Coefficient as it targets US expansion

The financing will support the company’s US expansion and comes four months after it resolved its latest Nasdaq listing deficiency.

Jamie Lane

Public Markets

Inside Talabat’s numbers: is it undervalued?

Aug 19, 2026

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14 min read

Inside Talabat’s numbers: is it undervalued?

Talabat underspent its defence budget against Keeta, raised its full-year guidance, and turned Egypt into a cash generator, proving its Q2 profit squeeze was more a calculated flex, than a stumble.

Jamie Lane

Public Markets

Abhi Microfinance Bank plans $11M Karachi listing, offering 14% in new shares

Jul 31, 2026

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2 min read

Abhi Microfinance Bank plans $11M Karachi listing, offering 14% in new shares

The lender, formerly FINCA Microfinance Bank, was acquired by Pakistani fintech group Abhi 18 months ago and swung from a Rs1.75 billion ($6.3 million) annual loss to its most profitable year on record.

Jamie Lane

Public Markets

MNT-Halan weighs Cairo IPO of its Egyptian business at up to $1bn, working with Citi and EFG Hermes

Jun 26, 2026

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2 min read

MNT-Halan weighs Cairo IPO of its Egyptian business at up to $1bn, working with Citi and EFG Hermes

The listing, which could come as soon as this year, would cover only MNT-Halan's Egypt operations and value them at $900 million to $1 billion.

Jamie Lane

Public Markets

Cerebras closes at $70B on Nasdaq debut as Abu Dhabi-fuelled AI chipmaker prices year's biggest IPO

May 15, 2026

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1 min read

Cerebras closes at $70B on Nasdaq debut as Abu Dhabi-fuelled AI chipmaker prices year's biggest IPO

Shares closed at $311 on their first day of trading on Thursday, up 68% from the $185 IPO price and briefly touching $385 before trading was halted for volatility.

Jamie Lane

Public Markets

At Delivery Hero, MENA is doing most of the heavy lifting

Apr 30, 2026

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4 min read

At Delivery Hero, MENA is doing most of the heavy lifting

The Berlin-listed group's Gulf operations now generate roughly 60% of its EBITDA from 30% of its GMV. A regulator-mandated divestment of its largest shareholder will test what that engine is worth.

Jamie Lane

Public Markets

Cerebras refiles for IPO at $23B valuation after clearing G42 security review, but 86% of its revenue still comes from Abu Dhabi

Apr 24, 2026

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2 min read

Cerebras refiles for IPO at $23B valuation after clearing G42 security review, but 86% of its revenue still comes from Abu Dhabi

The AI chipmaker whose first IPO attempt stalled in late 2024 amid a US national security review, filed a fresh S-1 with the SEC on 17 April targeting a Nasdaq listing at approximately $23 billion.

Jamie Lane

Public Markets

Rasan: A quiet toll bridge on Saudi's insurance float

Apr 15, 2026

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24 min read

Rasan: A quiet toll bridge on Saudi's insurance float

The Kingdom's first true fintech IPO is now a $2.8 billion company with 38% net margins, zero debt, and $198 million in cash. A forensic breakdown of Rasan's FY2025 audited accounts.

Jamie Lane

Public Markets

SpaceX files confidentially for record IPO, with Gulf sovereign investors now on the cap table through xAI merger

Apr 2, 2026

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5 min read

SpaceX files confidentially for record IPO, with Gulf sovereign investors now on the cap table through xAI merger

If it goes ahead at anything close to that scale, it would surpass Saudi Aramco's $29 billion IPO in 2019 as the largest public offering in history.

Jamie Lane

Foodtech

Travis Kalanick folds CloudKitchens into new robotics company Atoms, raising questions over shelved Middle East IPO

Mar 23, 2026

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5 min read

Travis Kalanick folds CloudKitchens into new robotics company Atoms, raising questions over shelved Middle East IPO

The announcement ends eight years of stealth during which thousands of Atoms employees were reportedly not permitted to publicly name their employer.

Jamie Lane

Public Markets

Talabat proposes share buyback after stock drops more than 50% from IPO price

Mar 17, 2026

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3 min read

Talabat proposes share buyback after stock drops more than 50% from IPO price

The buyback, subject to shareholder approval at the company's annual general meeting on April 13, would be executed over up to two years through open-market transactions on the DFM.

Jamie Lane

Public Markets

Bosta lines up Egypt's first tech logistics IPO in a deal worth up to $170 million

Feb 27, 2026

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5 min read

Bosta lines up Egypt's first tech logistics IPO in a deal worth up to $170 million

The Cairo-based delivery startup is preparing to float 20% to 30% of its shares on the Egyptian Exchange by the end of 2026, with EFG Hermes managing an offering that would raise roughly $170 million and mark the EGX's first listed parcel-delivery company.

Jamie Lane