Zenith IPO/Shares opens today to the general public
ThisDay - Zenith Bank Plc IPO opens to the public today. The bank is set to raise N130 billion, the highest of its kind so far since the inception of the Nigerian capital market.
The hybrid offer is made up of rights issue of 1,654,557,99 units each at N36.90 per share and public offer of 1,763,300,00 ordinary share of 50 kobo each at 38.90 kobo per share.
Shares of Zenith Bank have has been excellent, going by its rise from N10.90 in 2004 to N66.14 per share at the end of trading at the NSE on June 30, 2007, this represents a total gain of over N55.24 or over 600 per cent per share within 36 months.
Read more about the Zenith IPO: http://www.thisdayonline.com/nview.php?id=97184
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