iROKOtv could be going public

·
October 25, 2019
·
2 min read

In what seems like the endgame of his exit strategy, Jason Njoku is taking iROKOtv public.

According to our source, one of Africa's leading online movie streaming platforms has commenced its initial public offering (IPO) process against 2021 on the London Stock Exchange (LSE).

iROKOtv founder, Jason, in a recent tweet shared a video of a dashboard from the London Stock Exchange with the caption: “Understanding exit opportunities and IPOs at the London Stock Exchange.”

Advertisement

In another tweet, quoting Gloopro founder, Olumide Olusanya, Jason hinted at having weeks of IPO meetings.

In what could be considered a build up to Jason’s exit, Canal+ acquired iROKOtv’s film studio -- ROK -- earlier in the year.


Suggested Read: Canal+ Group partners iROKO to launch first Francophone SVOD mobile Android App


We reached out to iROKOtv but they declined to comment. While our source claimed that the IPO would be on LSE, Jason’s earlier comment about a post seems to suggest the opposite.

Be the smartest in the room

Join 30,000 subscribers who receive Techpoint Digest, a fun week-daily 5-minute roundup of happenings in African and global tech, directly in your inbox, hours before everyone else.
Digest Subscription

Give it a try, you can unsubscribe anytime. Privacy Policy.

Sharing a Techcrunch post with a comment, he wrote, “Better option to set lower revenue expectations and have startups list on local exchanges to raise capital from IPOs.”

This gets one wondering if the planned listing would be on the Nigerian Stock Exchange (NSE) or Johannesburg Stock Exchange (JSE) in South Africa.

It could very well be a dual listing, like Airtel Africa did on both the LSE and NSE a couple of months ago.

Whether iROKOtv would be listed on the NSE, the LSE, or both, the company is on the path to becoming the first African tech company founded within the last decade to go public. This is because the African identity of the largest eCommerce platform on the continent -- Jumia -- is questionable.

Mobile & African Tech Enthusiast │ Data Analyst │ Music
Mobile & African Tech Enthusiast │ Data Analyst │ Music
Subscribe To Techpoint Digest
Join thousands of subscribers to receive our fun week-daily 5-minute roundup of happenings in African and global tech, directly in your inbox, hours before everyone else.
This is A daily 5-minute roundup of happenings in African and global tech, sent directly to your email inbox, between 5 a.m. and 7 a.m (WAT) every week day! 
Digest Subscription

Give it a try, you can unsubscribe anytime. Privacy Policy.

Mobile & African Tech Enthusiast │ Data Analyst │ Music

Other Stories

43b, Emina Cres, Allen, Ikeja.

 Techpremier Media Limited. All rights reserved
magnifier