With CSX proving to be an ideal trading platform, initial public offerings or IPOs have become a popular mechanism for companies to raise capital to grow their business.
CSX now proudly boasts nine listed companies through IPOs and seven through the issuing of bonds – reflecting growing market confidence. Its market capitalisation stands at $2.4 billion to date.
The listing of Acleda Bank Plc on May 25, 2020 – the first commercial bank to be listed – created plenty of excitement and garnered lots of media attention. With the economy set to get back on track after the Covid-19 pandemic, more IPOs are in the pipeline.