The Agricultural Development Bank is expected to officially commence trading on the Ghana Stock Exchange from today, December 12, 2016.
The Bank over the weekend announced the successful completion of its Initial Public Offer. It raised 326 million cedis as against the 380 million cedis target representing 85 percent.
The ADB IPO is one of the largest IPOs ever undertaken on the Ghana Stock Exchange and demonstrates the continued development of the Ghanaian public markets.
According to the Bank, a total of 405 applications were made for shares in the IPO with majority of the applications, by number, being made by Ghanaian retail investors.
