Business News of Friday, 23 March 2018
Source: Ato Keelson
Following the successful launch of its initial public offering (IPO) early this month, Digicut Production & Advertising Limited, a subsidiary of Groupe Nduom (GN), a multinational company, has extended its IPO to March 23, 2018.
The move, according to management of the company, is to allow more Ghanaians within and outside the country, investors and foreigners to participate.
This was disclosed to Today in an interview with the General Manager (GM) of Digicut Production & Advertising Limited, Richmond Lankwei Lamptey.
He explained that his outfit has had to extend its IPO by one week “because new people who had no inkling in the shares business have now bought into it and have expressed interest in our IPO.”
“…in fact, that is all, investors, friends and colleagues outside the country have equally expressed interest in buying shares in Digicut,” he further revealed. According to Mr. Lamptey, since the launch of his outfit’s IPO, patronage has been good“ and was “going well.”
He, therefore, used this opportunity to call on Ghanaians to seize this ‘window of opportunity’ and participate in Digicut’s IPO. “And by participating in Digicut’s IPO, the public is offered a share in Digicut’s profits,” he added.
However, Mr Lamptey emphasised that after the extended offer period closes on March 23, 2018, there will be no further extensions.
The advertising company launched its IPO on March 1, 2018
Chairman and President of Groupe Nduom, Dr. Papa Kwesi Nduom, who launched the IPO, announced that his conglomerate, GN, will from the beginning of this month [March 2018] float shares on the Ghana Alternative Exchange to allow the general public own a part of the company.
Present at the event was the Director-General of Securities and Exchange Commission (SEC), Rev Daniel Ogbamey Tetteh.