The bell of the Tunis Stock Exchange (TSE) rang, Thursday, December 30, 2021, to announce the start of trading of “Smart Tunisia” securities on the main market. This new introduction brings the number of listed companies to 80.
The IPO of the company “Smart Tunisie” was carried out through a Firm Price Offer of 1 568 616 shares and a Global Placement of 627 480 shares, that is to say a total of 2 196 096 shares representing 30.37% of the registered capital.
The price of the share is 25.5 dinars and the operation concerned a total amount of 56 million dinars (MD).
The result of the placement of securities through the Firm Price Offer has shown a demand representing 1.25 times the quantity offered, attracting 1,879 new shareholders, while the Global Placement has been fully subscribed by 35 investors.
Through this introduction, “Smart Tunisie” aims at reinforcing its equity and rebalancing its financial structure, increasing its notoriety and benefiting from the tax advantage.
On the day of its introduction, the market capitalization of the company “Smart Tunisie” is 184.4 million.
The ceremony was attended by the Managing Director of Smart Tunisie, Abdelwaheb ESSAFI, and the reference shareholders, the leaders of the Tunis Stock Exchange, Tunisie Clearing, the Association of Stock Exchange Intermediaries and stock exchange intermediation companies.