#public offer

[touchaheartnews]

GTCO Offers 9 Billion Shares at ₦44.50 Each, Envisions One Billion Dollar Profit

GTCO Offers 9 Billion Shares at ₦44.50 Each, Envisions One Billion Dollar Profit

Guaranty Trust Holding Company (GTCO), one of Nigeria’s largest lenders, is raising ₦400 billion in capital through a public offer anchored on the Nigerian Exchange Group (NGX). The company is offering 9 billion shares at ₦44.50 each, with plans to invest the additional capital in profitable ventures in West Africa and East Africa, as well as recapitalize GTBank Nigeria, expand its asset…

GTCO Offers 9 Billion Shares at ₦44.50 Each, Envisions One Billion Dollar Profit

[newgistsnigeria]

Two Years After Listing On NGX, MTN Nigeria To Sell 575m Shares Via Public Offer

Two Years After Listing On NGX, MTN Nigeria To Sell 575m Shares Via Public Offer

MTN Group has disclosed that it will sell 575 million shares worth $241.7 million in the Nigerian unit to institutional investors and retail investors. This is the first public offering from the telco giant since listing on the Nigeria Exchange Limited (NGX) in 2019. The 2019 listing was consummated by introduction of 20,354,513,050 ordinary shares of MTN Nigeria at a listing price of N90.00…

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[ddtvnews]

SBI stake in Yes Bank declines to 30 per cent after FPO Image Source : GOOGLE SBI stake in Yes Bank declines to 30 per cent after FPO…

[smestreet]

SBI To Raise USD 1.5 Bn Through Public Offer or Private Bonds

#SBI To Raise USD 1.5 Bn Through #PublicOffer or Private Bonds

State Bank of India (SBI) said its board will meet next week to consider raising up to USD 1.5 billion (about Rs 11,330 crore) through a public offer and/or private placement of bonds.

The Executive Committee of the Central Board is scheduled to meet on June 11 to consider long-term fund raising, the country’s largest lender said in a regulatory filing.

The committee will “examine the status and…

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[tradingpublicschool]

For how many days is an IPO open?

In case of an initial public offer (IPO), the issue needs to be opened for at least three working days, but not more than ten working days.

In case of exceptions, such as revision in price band for an IPO made through the book building process, the bidding period disclosed in the red herring prospectus (RHP) needs to be extended for a minimum of three working days, provided the total bidding…

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[tradingpublicschool]

What is a Green-shoe Option?

Under a green shoe option, the issuing company has the option to allocate additional equity shares up to a specified amount.

A Green Shoe option allows the underwriter of a public offer to sell additional shares to the public if the demand is high.

The option is a clause in the underwriting agreement, which allows the company to sell additional shares, usually 15 per cent of the issue size (in…

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[tradingpublicschool]

What is a Green-shoe Option?

Under a green shoe option, the issuing company has the option to allocate additional equity shares up to a specified amount.

A Green Shoe option allows the underwriter of a public offer to sell additional shares to the public if the demand is high.

The option is a clause in the underwriting agreement, which allows the company to sell additional shares, usually 15 per cent of the issue size (in…

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