African issuers raise $1.4bn in IPO share offers in 2017
December 15th, 2017 by Tom Minney
African share issuers have raised $1.4bn in 2017 through initial public offers (IPOs) of shares, compared to $1.2bn in 2016.
Tag Archive for 'IPO'
UK regulator accused of dropping standards to woo $2 trillion listing
October 20th, 2017 by Tom Minney
Investor institutions are protesting moves by UK capital-markets regulator, Financial Conduct Authority, to alter listing standards to accommodate a potential $2 trillion listing of Aramco on the London Stock Exchange, the world’s biggest listing.
Vodacom Tanzania’s $213m IPO results due 7 August
August 4th, 2017 by Tom Minney
Vodacom Tanzania’s extended $213 million IPO closed 28 July and results are to be announced 7 August, with the listing on the Dar es Salaam Stock Exchange due 15 August.
Vodacom Tanzania wrapping up $213m IPO on Dar es Salaam bourse
June 27th, 2017 by Tom Minney
Some 40,000 Tanzanians subscribed for the TZS476 billion ($213 million) initial public offer (IPO) of Vodacom Tanzania Ltd.
IPO for I&M Bank Rwanda extended to 10 March
March 5th, 2017 by Tom Minney
The extended deadline for the initial public offer (IPO) of I&M bank Rwanda is 10 March. The Government of Rwanda is selling its 19.8% stake with an offer of 99m shares at RWF90 ($0.11) each.
Africa IPO round-up
November 7th, 2016 by Tom Minney
Roundup of some recent initial public offers (IPOs) of shares which raised capital for businesses listed on Africa’s stock exchanges.
Dar Stock Exchange shares double on first day of listing in hectic trading
July 13th, 2016 by Tom Minney
Trading has been fast and furious in the shares of Dar es Salaam Stock Exchange PLC, which self-listed at 9am on 12 July. The first day of trading saw the shares open at TZS 500 each and soaring as high as TZS 1,000 and trading again scorched today (13 July).
Dar es Salaam Stock Exchange IPO nearly 5x oversubscribed
June 18th, 2016 by Tom Minney
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
June 10th, 2016 by Tom Minney
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
May 6th, 2016 by Tom Minney
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.