Can IPOs Be The Fundraising Strategy For African Startups?

By  |  November 6, 2020

A little-known Kenya-based music streaming startup that has made less than USD 1 Mn in its entire 7-year existence bags USD 6.4 Mn via an Initial Public Offering (IPO) in faraway Denmark. It’s not fiction, it happened in September this year, though, quite strange.

But some context could perhaps make it less strange. Yes, IPOs involving African-based technology companies looking to list in major global stock exchanges are still as rare as rarity can get.

Most Read

The State Of Play As Interswitch’s Perennially Postponed IPO Lies In Limbo

It’s November 2019 and it all seems to be coming together for Interswitch,

Should African B2B eCom Startups Be In The AfCFTA’s Best Books?

Spent too much bucks sending cartoned homeware from suburban Kumasi to downtown Montreal?