The jinx of listing of new shares by fresh companies on the platform of the Nigerian Stock Exchange appears to be disappearing as more companies are beginning to express confidence in doing business on the bourse by listing their shares. Most recently was the listing of an aviation handling company’s initial public offer which boosted the capitalisation of the market by over N6 billion.
Barely a month after Med-View Airline came on board, a financial institution joined the league. Jaiz Bank Plc, Nigeria’s first non-interest bank, listed ordinary shares of N29, 464,249,300 of 50kobo each at N1.25 per share on the exchange on Thursday, February 9, 2017, by introduction. SAHCOL Plc is the first company under the Bureau of Public Enterprises privatisation programme to successfully finalise an initial public offering and list its shares on a securities exchange. The company is a full-scale aviation ground handling service provider with a focus on aircraft/ramp handling, cargo handling passenger handling, premium lounge, aviation security and baggage reconciliation.
Awe, also stated that the exchange encourages other privatised state-owned enterprises to explore the different opportunities in the capital markets for raising long term capital.
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Source: Daily Trust - 🏆 13. / 51 Read more »