Browsing: IPO

By listing, the REIT aims to attract focused and permanent capital for the promoter to develop further assets, support the Insurance and Pensions Commission and Ministry of Finance and Economic Development in their efforts to provide liquidity and deepen the savings pool through REIT products and also to provide retail and institutional investors quality and liquid commercial real estate investment vehicle.

Based on the published prospectors, the company said the economic growth of a nation is driven by a vibrant commercial infrastructure both industrial and retail properties to support production and trade.

The development of quality commercial property is more than imperative in the Southern African country as the economy is set for a path of recovery that is expected to revitalize significant economic activity.

“The participation of local beneficiaries in the development and ownership of such property fosters an inclusive capital growth and sources of passive income for average …

Conventional finance theory will advise that raising capital on the public markets can be an uphill task when an economy is slowing. A booming economy characterized by low-interest rates with increasing growth rates is the most conducive for an equity offering, more so an initial public offering. A further stroke of genius on the part of Volkswagen and Porsche is that the equity offering comprised preference shares.

The preference shares comprise 12.5% of the issued share capital of Porsche.

This is a stroke of genius in the sense that preference shares, by their nature, resemble fixed income security which would be in high demand in the current environment where interest rates are elevated or are on the upward path. The preferred share component of the IPO must have been appealing and contributed to the offering being oversubscribed.

Preference shares are shares that generally carry with them voting rights and accrue …

By 2023, the value of Africa’s legal cannabis market could be at least US$7.1bn across nine key African countries if they legalize recreational and medical use, according to The African Cannabis Report from industry analysts Prohibition Partners. Worldwide, the Covid-19 lockdown period saw record-breaking sales of cannabis in multiple regions. Global sales of CBD (an active cannabis ingredient frequently used as a natural remedy), medical cannabis, and adult-use (recreational) cannabis topped US$37.4bn in 2021, and could rise to US$102bn by 2026, says the firm.

According to African Business, natural and situational advantages have attracted investor interest in Southern Africa. In mid-March, Akanda, a London-headquartered firm that owns the Bophelo Bioscience & Wellness cultivation campus in Lesotho, announced the completion of its initial public offering of 4m shares on the Nasdaq Capital Market.

Cannabis Business Africa, in an article published as far as February 13, 2021, said SilverLeaf Investments is aiming …

• MTN Uganda has been given a go-ahead to market its IPO to Kenyan investors
• The MTN Uganda IPO offers for sale 4.4 billion ordinary shares, accounting for a 20% stake of the company, at a price of UGX 200.00 per share
• All East Africans who apply for shares will receive 5 bonus shares for every 100 shares they are allocated

Kenya’s Capital Markets Authority (CMAK) has provided its ‘no objection’ for The MTN Uganda Initial Public Offering (IPO) to be marketed in Kenya, allowing the marketing of the shares to both Professional Investors and Retail Investors following the opening of the offer in Uganda on 11th October 2021.

In a statement, MYN Uganda says the marketing in Kenya will be spearheaded by SBG Securities, and Dyer and Blair, both of whom are licensed market intermediaries in Kenya, working in collaboration with their respective affiliates in Uganda.

SBG Securities Uganda Limited …