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Zayride Announces Public Share Offering

Zayride, a well-known on-demand taxi service in Ethiopia, has announced its intention to offer limited shares for sale to the public.

Zayride has initiated a share offering, with a total of 100,000 shares available at a purchase price of 1,000 Birr per share. The company has offered drivers to purchase a minimum quantity of 25 shares, while other investors are required to commit to at least 75 shares. The largest share purchase amount is capped at 5,000 shares.

To make share acquisition convenient for prospective buyers, Zayride's shares can be purchased at any branch of four prominent Ethiopian banks – Awash, CBE, Amhara, and Abyssinia Banks.

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