Stanbic launches P1.37 billion IPO on BSE
The bank offers 20 percent of its shares for sale, aiming for a 7 December 2026 listing.
Stanbic Bank Botswana has launched an Initial Public Offering (IPO) to sell 20 percent of its shares, valued at approximately P1.37 billion. The offer, which began on 30 October, involves up to 319.36 million shares priced at P4.30 each and is scheduled to close on 27 November.
This move by Stanbic signals a potential end to a nearly nine-year drought of new equity listings on the Botswana Stock Exchange (BSE) since CA Sales Holdings listed in November 2017. The bank anticipates its Main Board listing on 7 December 2026.
Stanbic's IPO follows Kwa Nokeng Oil Holdings, which is set to list on 10 November after its offer was oversubscribed. Continental Reinsurance Holdings also has a P2.13 billion public offer with an expected listing on 10 December, making it a busy period for the BSE.
Why it mattersBotswana's stock exchange is experiencing a surge in new company listings, with Stanbic Bank Botswana's P1.37 billion IPO being a significant event.