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Tag Archives: IPO

China approves IPO application of CNOOC Limited

CNOOC Limited can issue no more than 2.99 billion shares in its IPO Beijing, China | Xinhua | China’s securities regulator has approved the initial public offering (IPO) application of CNOOC Limited. CNOOC Limited will be listed on the A-share market, the China Securities Regulatory Commission said in a statement on Wednesday. …

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MTN Uganda’s new journey

The telco raised Shs535.9bn in undersubscribed IPO Kampala, Uganda | THE INDEPENDENT | The South African telecom subsidiary in Uganda, MTN, began a new journey on Dec.06, with the listing on the Uganda Securities Exchange, and the share price surging past the IPO price during the first week of trading. …

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Cipla to raise Shs168bn in IPO

Kampala, Uganda | ISAAC KHISA | Drug manufacturing firm, Cipla Quality Chemical Industries Limited, hopes to raise at least Shs168.56bn through an Initial Public Offer that opened on August 14-24. The firm that is 62.3% owned by India’s Cipla, is offering 657.17million shares at a cost of Shs 256.5 per share. …

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Bank of Kigali seeks foreign listing

Nairobi, Johannesburg, London under consideration After a 5-year wait, Bank of Kigali appears set for another big move; this time a listing on one of the top bourses either regional, continentally or globally. If the deal goes through, it will make the bank the first company out of Kigali to …

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Snap: messages vanish, young billionaires appear

San Francisco, United States | AFP | The mobile application Snapchat became a social media star with messages that vanish after viewing, making co-founders Evan Spiegel and Bobby Murphy among the youngest billionaires on the planet. The history of the company, recently re-branded just Snap in an effort to be …

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Umeme IPO oversubscribed

Kampala, Uganda | Julius Businge | The Umeme Initial Public Offering which closed on Nov. 7 has been oversubscribed by 35% by all categories of investors, officials said on Nov.8. They [officials] from Stanbic bank Uganda-the transaction advisor, African Alliance Uganda-the lead sponsoring broker said more than the 622, 378, 000 shares …

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