Afinitas debuts on BSE

Tuesday, July 28, 2015

A new investment firm, Afinitas yesterday listed 213 million shares at P1 per share on the Botswana Stock Exchange (BSE) despite its Initial Public Offer (IPO) being heavily under-subscribed.

The listing followed an IPO and private placement in which the company sold 2.7 million shares and 91.2 million shares respectively.

Under the IPO, less than 10 percent of the shares on offer were subscribed for as Afinitas had floated 28.8 million to the public.

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Afinitas debuts on BSE

A new investment firm, Afinitas yesterday listed 213 million shares at P1 per share on the Botswana Stock Exchange (BSE) despite its Initial Public Offer (IPO) being heavily under-subscribed.