The Ghana Stock Exchange is keenly looking forward to the listing of Jubilee Field operator, Tullow Oil.
Its managers are optimistic the listing would significantly improve the bourse’s fortunes.
The date for the company’s IPO is set for June 13 with actual trading in the four million shares on offer expected to begin on July 27.
Tullow will in addition list the group’s shares listed on the London and Irish Stock Exchange on the local market.
GSE Managing Director, Kofi Yamoah told Joy Business the bourse’s visibility and market capitalization will certainly improve.
“We want to have a situation where we can improve the supply side of the market and when you talk about the supply side we are looking at the variety of companies that are listed on this market – and the more we have companies like Tullow listing, the more we improve the supply side of the market so that investors can have a bigger variety to choose from in terms of investing in this market,” he said.
He talked about ways the exchange can inject some excitement into the trading of Tullow’s shares after listing.
Meanwhile, Tullow has indicated it may issue additional shares if there is an over subscription.
Source: Joy Business/Ghana
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