Companies listed on the Nigerian Stock Exchange have raised a total of about N6 trillion from the equities market since 1999. This is according to data from the NSE on total amount raised from approved offers between the period 1999 and 2017.
Total amount raised in our interactive chart
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The approved offers include Initial Public Offers (IPOs), Public Offers, Right Issues, Private Placement etc.
Here is a snap summary of the total amount raised
- Companies have raised just N320b from IPO’s, the lowest till date.
- Companies have raised more from offer for subscription with about N2 trillion
- IPO’s have occurred in just 5 of the 19 years since 1999.
- Funds have been raised via Private placement for every year since 1999 except in 2001. We are yet to raise any in 2017
- Nigerian companies seem to prefer to rights issue route having raised money via that route every year since 1999.
- The year 2007 and 2008 are still the best years yet, with N1.3 trillion and N1.49 trillion raised respectively. Amount raised cuts across all offer types
- About N1 trillion was raised in 1999, perhaps due to the banking crisis upon Sanusi Lamido Sanusi’s takeover as CBN Governor.
- The year 2000 is the lowest in terms of amount raised with just N5.7b raised.
- 2017 is the lowest in 16 years with just N11.7 billion raised
Now, view our interactive table to catch a full grasp of fund raising from the Nigerian Stock Exchange since 1999.
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