Disty Technologies completes lisiting on the Casablanca Stock Exchange

Asafo & Co. advised Disty Technologies on its IPO, the first ever, on the Alternative Market of the Casablanca Stock Exchange.

Disty Technologies, Moroccan importer and distributor of IT equipment and solutions, has successfully listed its shares on the Casablanca Stock Exchange. The IPO, valued at close to 172 million Dirhams (USD16.8 million). The offering will be realized through a capital and a share sale.

Founded in 2011 and supported since then by the PME Croissance Fund (Africinvest), Disty Technology is a pioneer on the Alternative Market of the Casablanca Stock Exchange, dedicated to small and medium-sized enterprises (SMEs).

Casablanca partner Patrick Larrivé (pictured) advised Disty Technologies and was assisted by associate Cyril Kalfat.

Attijari Finances Corp acted as financial advisor.