PwC predicts tech, health sector IPO in stock market

Analysts at PricewaterhouseCoopers say they expect to see increased Initial Public Offering activity in the technology and health sectors in the coming months.

PwC’s Capital Markets Watch is an annual report that focuses on equity and debt capital markets transactions in Africa. For instance, it said companies with market capitalisation of as low as N50m with a minimum of 25 shareholders could be eligible to list its shares on the Growth Board. The report stated that the US presidential elections in November 2020 and the Brexit transition in December 2020 were some factors that might impact global market performance.

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