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Moustachir SPA: How Algeria’s First Startup IPO Changed the Exit Game

Moustachir SPA: How Algeria’s First Startup IPO Changed the Exit Game

ALGERIATECH Editorial
February 3, 2026

On December 31, 2024, a month-long public subscription closed on the Algiers Stock Exchange. A two-year-old consulting startup called Moustachir SPA had offered 125,000 shares at 760 dinars each.

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