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INITIAL PUBLIC OFFERING
On Wednesday, Fidelity Bank briefly surpassed the N17 mark during trading, maintaining its upward trend that has gained momentum in September, before closing at N15.35.
Fidelity Bank Plc started its N127.1 billion combined rights and public offers to rousing support from the investing public as key capital market stakeholders recalled the symbolic importance of Fidelity Bank's impressive growth and investor-friendly disposition over the years.
Two years after MTN Nigeria's initial public offering (IPO) plan was extended due to 'conditions that are not inconducive', the Chief Executive Officer, Rob Shuter of the telecommunications company has disclosed that its local subsidiary will list on the Nigeria stock exchange (NSE) this year.
Regulators in the Nigerian capital market are expectant that the full automation of all IPOs will commence in early 2019.