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Nairaland Forum / Nairaland / General / Investment / How Is IPO Done In Nigeria (439 Views)
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How Is IPO Done In Nigeria by IyaTola: 6:04pm On Sep 02, 2022 |
In respect of the above subject matter, my uncle wants to do an IPO next year for his company Any useful information as to how to go about it will be appreciated. |
Re: How Is IPO Done In Nigeria by Kobicove(m): 7:40pm On Sep 02, 2022 |
IyaTola: The first thing to know is that the company must have been in business for at least 3 years and must have audited financial statements for that period. He would also need financial projections of the company for at least 36months. He would need to appoint the following in a team: Reporting accountants Solicitors to the issue Auditors to the issue An issuing house eg FBN Capital etc His company also needs to apply to SEC to seek approval Note that before the company can get approval for this all it's taxes must be up to date, approvals and licences must also be up to date They also need to prepare a brief profile of the company and it's principal officers The company would also be required to state how much money they hope to raise from the IPO and what they intend to do with the money raised, all these must be stated in the prospectus for the IPO This is just a brief summary of the process 2 Likes |
Re: How Is IPO Done In Nigeria by IyaTola: 1:37pm On Sep 05, 2022 |
Thank you Kobicove: |
Re: How Is IPO Done In Nigeria by AlphaTaikun: 2:22am On Sep 14, 2022 |
Kobicove:Very detailed. 1 Like 1 Share |
Re: How Is IPO Done In Nigeria by IyaTola: 2:41pm On Sep 14, 2022 |
AlphaTaikun:Yes o 1 Like 1 Share |
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