Managers of Digicut Advertising received applications from 278 investors to subscribe to its shares of GH¢28 million as Initial Public Offer (IPO) on the Ghana Alternative Market (GAX).
The company listed all the funds without rejecting any of the applications.
The development has made the subsidiary of the Nduom Group the 5th to list on the GAX since its introduction in Ghana.
In an address to welcome the new entrant onto the bourse, Managing Director of the Ghana Stock Exchange, Kofi Yamoah charged the company to avail itself for all the necessary rules for listed members on the GAX.
He also requested that they appear for the annual ‘fact behind the figures’ series to ensure that shareholders and investors are well informed about their earnings.
On his part, Executive Director of the Securities and Exchange Commission, Rev Ogbarmey Tetteh congratulated the company and encouraged other investors to get involved with issues of the capital market to explore other sources of funding for their companies.
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