Afreximbank postpones IPO

Afreximbank postpones IPO

Despite receiving significant interest from investors, the African Export-Import Bank, Afreximbank, joins the growing list of postponed IPOs on the LSE this year after it its IPO on 29 October 2019 citing ‘unfavourable market conditions.’ The postponement comes after Afreximbank its intention to float global depositary receipts on the standard list of the LSE two weeks earlier.

Unfavourable market conditions have been echoed in several announcements relating to postponed IPOs this year highlighting the continued difficulties faced by issuers due to geopolitical uncertainties and ongoing Brexit negotiations.

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