The Ghana Stock Exchange is drawing a wave of oversubscribed IPOs, from ZEN Petroleum to Kasapreko, as companies rush to raise capital at home.
GHANA · MARKETS
Key Facts
—The revival: The Ghana Stock Exchange is seeing a wave of new listings after a long quiet stretch.
—ZEN Petroleum: The fuel supplier’s IPO was oversubscribed by 94%, drawing bids of about 970 million cedi and raising 640 million.
—Kasapreko: The drinks maker’s IPO was oversubscribed 146%, selling 583 million shares at 1.20 cedi to help fund a new factory.
The Kasapreko IPO, from Ghana's Alomo Bitters maker, drew more than double its target ahead of a record Ghana Stock Exchange…
Ghana’s Kasapreko, maker of Alomo Bitters, raised $147
Africa Intelligence Brief for Friday: Ghana's Kasapreko pulled off a record-breaking IPO, Dangote's refinery hit full capacity…
Bourse forecasts a breakout driven by state-owned listings, retail participation, and rising market confidence, with…
Conditions improving for the 170 firms still waiting to list despite approval
The latest listing comes as the exchange races to meet its target of nine listed companies before the close of Ethiopia's fiscal…
