- BGFI IPO raises $74mn but misses target by 80bn CFA francs
- Weak institutional demand highlights limits of Central Africa’s stock market
LIBREVILLE, GABON – BGFI Holding Corporation of Gabon raised 45.3bn CFA francs ($74mn) in its long-awaited initial public offering, falling far short of its target and exposing the fragility of Central Africa’s stock market.
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