New York, United States | AFP | Uber shares skidded Friday in a disappointing Wall Street debut following a massive public offering from the global ride-hailing giant. After pricing at $45 for the initial public offering (IPO) — translating to a market value of $82 billion — Uber shares began …
Read More »Uber narrows losses, growth slows on the road to IPO
San Francisco, United States | AFP | Uber on Friday released earnings figures that showed its loss narrowed in the final quarter of last year while revenue growth slowed as the ridesharing giant prepares for a stock market debut. The loss for the final three months of the year amounted to …
Read More »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. …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »International Financial Corporation to buy Umeme Shares.
By Jimmy Siya A day to the closure of the Umeme Initial Public Offer (IPO), the sale of shares, David Alderton the Corporate Development Manager announced the intentions of the International Financial Corporation to buy Umeme Shares. The corporate Advisor African Alliance Brokers, William Nyakatura says there has been a …
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