VFD Group, an investment firm, will list its shares on the Nigerian Exchange (NGX) in the days ahead after receiving the go-ahead to do so, the investment firm said Tuesday in a statement seen by PREMIUM TIMES.
About four months in the making, the move could help the firm gain more visibility and prestige by being listed on Africa’s second-largest stock exchange, where it can tap capital from the investing public through public offer or private placement.
The firm is on course to raise N32.5 billion from a blend of equity and debt, with N12.5 billion planned to be sourced through the sale of shares to existing shareholders.
