Wilderness lists on BSE

source: Mmegi
Staff Writer

Following a successful Initial Public Offer (IPO), Wilderness Safaris will today list on the Botswana Stock Exchange(BSE) becoming the second tourism company on the local bourse.

The company, which will simultaneously list on the JSE’s Africa board today for its secondary listing, closed its Initial Public Offer on 26 March after it was oversubscribed by 6 percent.

In the IPO, a 570 applications totalling 3,179,638 shares for the 3 million shares on offer in terms of the IPO were received.

“This represented an over-subscription of just under 6 percent. Accordingly, applicants have been allotted their first 40,000 shares applied for in full, while those applying for more than 40,000 shares received 74 percent of the balance,” said the company.

After the IPO, the company is now 75 percent owned by [continue reading]


%d bloggers like this: