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Stanbic’s historic IPO gathers pace

Bubbly expectations: The Stanbic IPO has been eagerly anticipated by the market for years
Bubbly expectations: The Stanbic IPO has been eagerly anticipated by the market for years

The fourth Initial Public Offer of the year opened on the local bourse on Monday, with reports that its accompanying private placement was met with strong interest from institutional investors.

Stanbic Africa Holdings Limited, a unit of Standard Bank Group, is seeking to sell a 20% stake in its wholly owned subsidiary, Stanbic Bank Botswana, at P4.30 per share.

The historic offer, which comes 32 years after Stanbic first opened doors in Botswana, is the BSE’s fourth IPO this year and an amazing turnaround in activity for an Exchange that last had a public float in November 2017.


Editor's Comment
Batswana want measurable results

“Wish it. Plan it.Do it”– Jaipal SinghHowever, as President Duma Boko prepares to deliver his third State of the Nation Address (SONA) on Monday, the pressure is mounting for him to account for his government’s performance and demonstrate what it has achieved thus far. Batswana are increasingly impatient and want to see tangible results that translate into improved livelihoods. The public is no longer interested in ambitious political...

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