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The Co-operative Bank IPO struggling
Daniel Broby (November 3rd, 2008) Writes:
The Co-operative Bank KES 35bn IPO was launched on Thursday 30 October but may be facing possible local under-subscription. In any IPO, the capital markets regulations specify that at least 40% of the shares must be taken up by local investors which presents the company with a problem. In the event that all the 40% of the shares are not taken up, balance can be applied for by foreign investors after approval is granted by the Capital Markets Authority (CMA).
Tags for this Post:
Capital Markets Authority, Frontier Markets, KES, The Co-operative Bank IPO, The Co-operative Bank KES
Capital Markets Authority, Frontier Markets, KES, The Co-operative Bank IPO, The Co-operative Bank KES
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