Ghana · Markets

Key Facts

—The company. Kasapreko, founded in 1989 by Dr Kwabena Adjei, makes Ghana’s beloved Alomo Bitters and Storm energy drink.

—The deal. It offered 583 million shares at GH¢1.20 each, aiming to raise GH¢700 million, about US$64 million.

—The demand. Bids topped GH¢1.4 billion, more than double the target and a record for a locally owned manufacturer.