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West Africa’s Stock Exchange Expects Regional Bank IPO in 2018
ABIDJAN (Capital Markets in Africa) – The IPO will be one of two initial public offerings expected this year on West Africa’s Bourse Regionale des Valeurs Mobilieres, known as BRVM, Edoh Kossi Amenounve says in an interview.
- Other IPO “should be Societe des Telecommunications du Mali”
- Average profitability growth of BRVM’s stocks seen rising to 6.5%-7% in 2018 after 5% in 2017
- 2017 profitability dropped after declining in capital gains
- BRVM to launch the online stock exchange in 2018
- BRVM and its regulator “working on new regulations to take assets managed by mutual funds to the next level of growth, allow greater diversification”
- Note: Amenounve was speaking on the sidelines of a regional conference organized by the Moroccan Capital Markets Authority (AMMC) and the International Organization of Securities Commission in Rabat, Morocco.