Business News of Wednesday, 4 February 2015
Pharmaceutical firm, Intravenous Infusion is set to list on the Alternate Market of the Ghana Stock Exchange by April.
Joy Business has gathered that the Pharmaceutical firm is working to begin its Initial Public Offering from February 16.
Intravenous Infusion is hoping to sell some 153 million shares at a price of 12 pesewas per share.
If the listing materializes, it will be the second firm after to list on the on market after IZWE LOAN. Izwe Loans in November listed some GH¢39 million notes on the Alternative Market of Ghana Stock Exchange.
Managing Director of Izwe Loans Kwakye Bismarck told Joy Business the move should allow the pan-African financial services provider to raise more funds.
Ghana Alternative Market is dedicated to small firms and start-ups with flexible listing requirements.
Firms that want to list on the market must have a stated capital of 250 thousand Ghana cedis after listing and just 20 shareholders.