Hey friends! I decided to do a breakdown of the recently announced planned IPO of Anghami - a tech company originally founded in Lebanon that is making history in becoming the first Arab tech company to list on NASDAQ New York. I go through the details in their press release (link below) as well as explain the process of Special Purpose Acquisition Companies; a topic I interact with quite a fair bit at work.
Disclaimer: This is NOT investment advice of any kind, it is purely for informational purposes only.
Timestamps:
[0:00-0:30]: Intro
[0:30-1:50]: Why I'm making this video
[1:50-3:30]: Innovation via replication
[3:30-5:45]: Overview of Anghami
[5:45-11:01]: Breakdown of SPAC's
[11:01-13:10]: Other deal terms i.e. PIPE & valuations
[13:10-13:54]: Wrap up
About Anghami: Founded in 2012, Anghami is the first music-streaming platform in the Middle East and North Africa (MENA) and has since built a market-leading platform, offering more than 57 million songs to more than 70 million registered users with around 1 billion streams per month.
Link to press release: https://talks.anghami.com/anghami-merges-with-vistas-media-acquisition-company-inc-to-become-first-arab-technology-company-to-list-on-nasdaq-new-york/
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A little about me:
I'm a sales & marketing professional with a background in finance and the DNA of an entrepreneur. By day, I'm a Vice President in Capital Markets, by night I'm a podcaster & content creator.
🌍 My website/blog - georgekhalife.com
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