Tag Archive for 'Initial Public Offer'

Dar es Salaam Stock Exchange IPO nearly 5x oversubscribed

Total bids for the initial public offer (IPO) of shares in the Dar es Salaam Stock Exchange PLC was TZS35.8bn ($16.4m). This is 4.8 times the offered amount of TZS7.5bn ($3.4m) in the IPO which closed on 3 June. The DSE will self list on 12 July.

Tech will drive African IPOs

Telecoms, e-commerce and technology will be the driving force behind many of Africa’s coming initial public share offers (IPOs) as the continent’s telecom, media and technology (TMT) sector continues to grow fast.

Dar es Salaam Stock Exchange readies for $3.4m IPO and self-listing

The Dar es Salaam Stock Exchange Plc will launch its initial public offer soon, after completing the demutualization. The Capital Markets and Securities Authority, said the bourse can raise TZS 7.5 billion ($3.4 million) by issuing 15 million ordinary shares at TZS 500 each.

Rwanda Stock Exchange expects 3 share offers (IPOs)

The Rwanda Stock Exchange is expecting 3 IPOs in the coming months, to bring the equities listed for trading to 10.

IPOs soar as Africa’s capital markets raise $11bn

• US$11bn IPO and FO proceeds raised in 2014 in African equity markets • US$37.4bn proceeds raised from 2010 to 2014 • 24 African IPO companies listed in 2014 African markets excelled in terms of capital raising for business in 2014 with a total of $11 billion raised through a total of 24 initial public […]

Total Senegal offers shares in IPO until 7 Nov for BRVM listing

Oil products company Total Senegal has an initial public offer (IPO) of shares open until 7 Nov, offering 8.9% of the company in an IPO before listing the African equities on the Bourse Regionale des Valeurs Mobilieres (BRVM).

9 African IPOs in first half of 2014 raise $808m, passing all 2013

Initial public offers (IPOs) on African stock exchanges for the first half of 2014 has raised capital totalling $808.5 million, compared to a total of $757.5m raised throughout 2013

Nairobi Securities Exchange IPO closes 12 Aug

The Initial Public Offering (IPO) of the Nairobi Securities Exchange Limited is open until 12 August. The NSE is seeking to raise KES 627 million ($7.14m) by selling up to 66,000,000 new shares (some 31% of the equity) at KES 9.50 each, open to domestic and international investors.

EFG Hermes says 3 IPOs coming to Egyptian Exchange this year

Three new initial public offer (IPO) share flotations with a total value of over $300m are planned for the Egyptian Exchange this year, says bank EFG Hermes.

Tunis Stock Exchange IPO is largest listing

The listing of Société d’Articles Hygiéniques (SAH), on the Tunis Stock Exchange on 9 Jan after a private placement and an oversubscribed initial public offer (IPO) is the largest listing on the Tunis bourse, valuing the company at $163.5 million.