ADB IPO takes off, pegs price at 2 cedis 65 pesewas

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• lankwei 9 years ago

  This IPO is fishy. The story keeps changing! CAVEAT EMPTOR! Check ADB financial report for 2015.It is in no way encouraging!
  
  
  ADB allocates shares to ‘big’ investors ahead of IPO re-launch
  The Board of adb Bank has g ...
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  This IPO is fishy. The story keeps changing! CAVEAT EMPTOR! Check ADB financial report for 2015.It is in no way encouraging!
  
  
  ADB allocates shares to ‘big’ investors ahead of IPO re-launch
  The Board of adb Bank has given its seal of approval for the bank to allocate majority of its shares to institutional investors’ in a move that is expected to guarantee a successful re-launch of its IPO after the initial setback, the B&FT has gathered.
  
  In the Board’s memo sighted by the B&FT, seven institutional investors have been allocated close to 98 per cent of adb shares ahead of the re-launch of the bank’s Initial Public Offer (IPO) in mid-November and this tweak to the share offer is anticipated to help stabilize the bank’s stock once trading begins.
  
  According to the memo signed by the board secretary of adb bank, James K. Agbedor, retail investors will be offered only two percent of the shares, which could be seen as an attempt to deny the entire investor community access to adb shares.
  
  This comes after adb earlier this year failed to complete its earlier IPO process because the bank could not raise the minimum amount of GHC400 million as the bank’s board rejected all offers made at the price of GHC2 per share, instead of GHC2.65 contained in the prospectus.
  
  When successful this time, adb will become the second bank after Access Bank Ghana to trade its shares on the Ghana Stock Exchange this year.

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• Larry Finch 9 years ago

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• Johnson 9 years ago

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• Larry Finch 9 years ago

  Get it Now! (eBook version sales discontinued due to foiled piracy attempts)
  
  There is money in people's hands everywhere for you! The mobile phones! People surely would DEFINITELY need solutions at a point. Learn!
  **Ever ...
  read full comment

  Get it Now! (eBook version sales discontinued due to foiled piracy attempts)
  
  There is money in people's hands everywhere for you! The mobile phones! People surely would DEFINITELY need solutions at a point. Learn!
  **Every secret to cellphone hardware repairs exposed in this book! **Complete chapter details the practical guide to all electronics repairs.
  ** Software flashing & repairs explained in details.
  ** Practical guide on how to setup and run the business day by day & business success secrets.
  
  It is available worldwide and through Amazon marketplaces, Barnes and Noble, eBay etc . Order Now! . Discounts available for bulk purchases ! *** Invest For The Coming Year***!!!
  
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• obokwahu 9 years ago

  Who in their right mind would buy ADB shares. I wouldn't even pay 50 peswas per share.

  Who in their right mind would buy ADB shares. I wouldn't even pay 50 peswas per share.

  reply