Egyptian Logistics Startup Bosta Plans IPO on EGX to Raise $175 Million
Bosta, the Egyptian digital delivery and logistics company, announced plans to offer a stake in the company through an initial public offering (IPO) on the Egyptian Exchange (EGX) in the coming period, targeting funding of around EGP 8 billion, equivalent to more than $175 million at current exchange rates. The move is expected to be one of the most prominent upcoming listings in Egypt’s capital market.
The anticipated IPO comes as part of Bosta’s strategy to broaden its shareholder base and support its operational and technological expansion, strengthening its ability to meet the rapidly growing demand in Egypt’s e-commerce and logistics sectors.
As part of its growth readiness, Bosta recently inaugurated a state-of-the-art automated sorting hub in Cairo, with investments of approximately $5 million. The facility is among the largest automated sorting centers in the region and relies on advanced technologies that enable high-speed and highly accurate parcel processing.
The hub can handle up to 11,000 shipments per hour, with a daily operational capacity exceeding 250,000 parcels, significantly improving operational efficiency, reducing delivery times, and enhancing tracking accuracy in line with the fast-growing e-commerce market.
Bosta expects the new facility to double its operational capacity in the coming years and support its plan to process tens of millions of shipments annually, amid continued expansion of its customer base across businesses, merchants, and individual consumers.