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IPOs
While IPOs aren’t common among African tech companies, there have been a few high profile listings in recent memory. Follow our coverage of current and (hopefully) future publicly traded tech companies.
Some African startups have revealed plans to list on stock exchanges outside the continent. But based on the discouraging performance of ICT companies already listed in these bourses, should they…
A look at MTN Nigeria’s performance in its first six months on the Nigerian Stock Exchange, becoming Nigeria’s most valuable company amidst executive exits, xenophobic attacks, and loss of subscribers.
Nigerian fintech giant, Interswitch is finally worth over $1bn. But one London-based, Africa-focused investment group continues to own more than half of the company.
iROKOtv, one of the leading online movie streaming platforms in Africa has commenced its initial public offering process.
Like Jumia’s listing on the New York Stock Exchange, Africa-focused Transsion Holdings, has listed on the Chinese STAR market with a roaring debut, but there’s little space for foreign investors…
Transsion Holdings, makers of the three top mobile devices dominating the African market in the form of TECNO, Infinix, and Itel, has confirmed that it will be listing on Shanghai’s…
Following the listing of MTN Nigeria on the local stock exchange, another leading telco is already planning to get listed on the local exchange.
Barely 48 hours after listing on the market, MTN Nigeria is already making impact on the Nigerian Stock Exchange.
As part resolution of its 3-year-long battle with the Nigerian Communications Commission, MTN Nigeria, on Thursday finally listed on the local stock exchange. However, the telecoms giant still has ongoing…
By the close of market on Wednesday April 17, 2019, the last trading price for Jumia Technologies was $40.07, a 111% increase from its opening price of $18.95.
Jumia has gotten the final nod to sell its shares on the New York Stock Exchange (NYSE), as the registration statement filed by the company with the Securities and Exchange…
Africa’s largest eCommerece startup, Jumia has eventually launched its IPO on the NYSE
Jumia has gotten the approval to list its shares on the New York Stock Exchange following an update on its Form F1 filing with the Securities and Exchange Commission.
The possible reasons why the owners of Jumia are considering the New York Stock Exchange for its IPO instead of an African alternative.
Jumia to IPO in New York
Subject to its proposed unbundling from internet and entertainment giant Naspers, MultiChoice is expected to start trading on the JSE from February.
With no definite date yet, MTN Nigeria is looking forward to raising the sum of $500 million, disposing of about 30% stake in the business by getting listed on the…
Following the fine imposed on MTN Nigeria by the Nigerian Communications Commission (NCC), the telecom company’s parent body, MTN Group lost its position as the most valued telecommunications company (telco) in…
The Securities and Exchange Commission (SEC), Nigeria Stock Exchange, Central Securities and Clearing System, and six other organisations have come together under a committee to ponder the modalities involved in…
Top stories
Some African startups have revealed plans to list on stock exchanges outside the continent. But based on the discouraging performance of ICT companies already listed in these bourses, should they think twice about such moves?
A look at MTN Nigeria’s performance in its first six months on the Nigerian Stock Exchange, becoming Nigeria’s most valuable company amidst executive exits, xenophobic attacks, and loss of subscribers.
Nigerian fintech giant, Interswitch is finally worth over $1bn. But one London-based, Africa-focused investment group continues to own more than half of the company.
iROKOtv, one of the leading online movie streaming platforms in Africa has commenced its initial public offering process.
Like Jumia’s listing on the New York Stock Exchange, Africa-focused Transsion Holdings, has listed on the Chinese STAR market with a roaring debut, but there’s little space for foreign investors to participate.
Transsion Holdings, makers of the three top mobile devices dominating the African market in the form of TECNO, Infinix, and Itel, has confirmed that it will be listing on Shanghai’s recently opened STAR Market technology board, a securities trading board run by the Shanghai Stock Exchange for technology companies in China. This long-awaited news to…
Following the listing of MTN Nigeria on the local stock exchange, another leading telco is already planning to get listed on the local exchange.
Barely 48 hours after listing on the market, MTN Nigeria is already making impact on the Nigerian Stock Exchange.
As part resolution of its 3-year-long battle with the Nigerian Communications Commission, MTN Nigeria, on Thursday finally listed on the local stock exchange. However, the telecoms giant still has ongoing battles to surmount
By the close of market on Wednesday April 17, 2019, the last trading price for Jumia Technologies was $40.07, a 111% increase from its opening price of $18.95.
Jumia has gotten the final nod to sell its shares on the New York Stock Exchange (NYSE), as the registration statement filed by the company with the Securities and Exchange Commission (SEC) has been declared effective.
Africa’s largest eCommerece startup, Jumia has eventually launched its IPO on the NYSE
Jumia has gotten the approval to list its shares on the New York Stock Exchange following an update on its Form F1 filing with the Securities and Exchange Commission.
The possible reasons why the owners of Jumia are considering the New York Stock Exchange for its IPO instead of an African alternative.
Subject to its proposed unbundling from internet and entertainment giant Naspers, MultiChoice is expected to start trading on the JSE from February.
With no definite date yet, MTN Nigeria is looking forward to raising the sum of $500 million, disposing of about 30% stake in the business by getting listed on the Nigerian Stock Exchange (NSE). And just recently, MTN Ghana launched an Initial Public Offering (IPO) to raise about $743 million for a 35% stake in…
Following the fine imposed on MTN Nigeria by the Nigerian Communications Commission (NCC), the telecom company’s parent body, MTN Group lost its position as the most valued telecommunications company (telco) in Africa. The group also recorded its first loss in 20 years. One of the major reasons companies go public is to raise funds, but for…
The Securities and Exchange Commission (SEC), Nigeria Stock Exchange, Central Securities and Clearing System, and six other organisations have come together under a committee to ponder the modalities involved in issuing Electronic Initial Public Offers (e-IPOs) in the country. e-IPOs facilitate online offerings of a private company’s stock to the public. According to the Central…