Tag Archive for 'IPO'

Africa-focused Vivo Energy soars after £548m IPO on London SE

Africa’s £1.98 billion ($2.68bn) megalisting Vivo Energy (VVO) soared in its first 2 days of trading on the London Stock Exchange (dual-listed in Johannesburg ) on 10-11 May after a successful initial public offer (IPO) raised £548m.

Will Brexit impact Africa-focused IPOs?

Brexit, the UK’s decision to leave the European Union, is having a global ripple effect. Will Brexit affect initial public offerings (IPOs) in Africa?

African issuers raise $1.4bn in IPO share offers in 2017

African share issuers have raised $1.4bn in 2017 through initial public offers (IPOs) of shares, compared to $1.2bn in 2016.

UK regulator accused of dropping standards to woo $2 trillion listing

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

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

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

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

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

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

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.