ADB FETCHES 326 MILLION CEDIS FROM IPO
The Agricultural Development Bank (ADB) has raised about 326 million cedis in its Initial Public Offer (IPO).
The bank was expecting to raise about 380 million cedis from the offer.
A statement from ABD indicated that, “the proceeds raised from the Offer was the sum of GHS325, 784,952.70 relative to the expected proceeds of GHS 383,713,995.10.”
This also represents about 85 percent subscription level.
“The ADB IPO is one of the largest IPOs ever undertaken on the Ghana Stock Exchange and demonstrates the continued development of the Ghanaian public markets,” the statement added.
- 10 Dec 2016
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- Last Updated: Saturday, 10 December 2016 17:06
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