11 Feb 2016

Thousands of offers have already been made for Botswana’s first ever citizen reserved Initial Public Offering (IPO).

A news release from BTCL says Batswana have come out strongly in support of the offering, and that the offer will bring an estimated 15 000 new shareholders to the Botswana Stock Exchange (BSE). The offer closes on March 4 at 5pm.

“We are preparing ourselves for the final wave of offers to come during the later part of February,”’ said Mr Kennedy Kgomanyane of Stockbrokers Botswana, the sponsoring broker to BTCL IPO. “Batswana have certainly shown great interest and excitement for this share.

There is clear evidence that Batswana have taken the time to learn more about shares as an investment option. This can only be good for the BSE in the long term. Future IPOs will build off the back of this one and hopefully uptake then will be as intense and active as it is now,” said Mr Kgomanyane.

The release states that with over 30 000 prospectuses in circulation, 290 000 application forms printed, 61 public roadshow activations covering over 6 000kms and 31 villages/towns) and 100 000 frequently asked questions fliers distributed nationwide.

The release says finding information on the IPO has been relatively simple. This, combined with proactive social media activity with over 25 000 Facebook “Likes” in a month, means Batswana had access to information from all quarters.
The ambition to ensure that as many Batswana as possible participate has been the driving force behind this unprecedented public education drive.
Ends