On October 19, 2018, in Abidjan, Oragroup officially announced the IPO process for its listing on Bourse Régionale des Valeurs Mobilières (BRVM), WAEMU’s stock exchange.

Today October 25, the pan-African banking group step further in that perspective. Indeed, it will present the public offering of 13,883,006  shares in Lomé.

According to Binta Touré Ndoye, managing director of the group, this public offering comprises of the issuance of 6,097,561 new shares by the capital increase and the sale of 7,785,445 existing shares. The price of each share is XOF4,100.

The manager also expects that this operation will help boost the group’s growth and support its development.

The offered shares should generate XOF56.92 billion (€86 million), representing 20% of its capital. The remaining 80% will remain at the hand of the current shareholders.

This should be the most important IPO on the BRVM since it started operations in 1998.

Séna Akoda