NSE’s N38.56trn value: Between IPO and debt capital raising

NSE’s N38.56trn value: Between IPO and debt capital raising   At the close of the year 2020, the aggregate worth of investment at the Nigerian Stock Exchange (NSE) swelled to N38.56 trillion. This comprises of the two segments of the market, namely equities and bond. The NSE’s equity market capitalization was up by 62.42 per cent, from N12.97 trillion in 2019 to N21.06 trillion in 2020 while market turnover saw an uptick of 7.25 per cent, from N0.96 trillion in 2019 to N1.03 trillion in 2020. The equities market experienced…

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Jack Ma’s Ant Group sets price for record $35b IPO

Jack Ma’s Ant Group sets price for record $35b IPO

Ant Group Co has set the price for its initial public offering (IPO) in Shanghai, paving the way for a blockbuster sale that may give the Chinese fintech giant a valuation higher than JPMorgan Chase & Co. Billionaire founder Jack Ma, speaking at a weekend conference, said Ant has determined the IPO price, though he did not disclose the amount. Pricing details for the China shares are expected by today, Tuesday, with the Hong Kong price to be announced as soon as Oct 29, people familiar with the matter have…

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