Afreximbank postpones IPO

Afreximbank postpones IPO

Despite receiving significant interest from investors, the African Export-Import Bank, Afreximbank, joins the growing list of postponed IPOs on the LSE this year after it postponed its IPO on 29 October 2019 citing ‘unfavourable market conditions.’ The postponement comes after Afreximbank confirmed its intention to float global depositary receipts on the standard list of the LSE two weeks earlier.

Unfavourable market conditions have been echoed in several announcements relating to postponed IPOs this year highlighting the continued difficulties faced by issuers due to geopolitical uncertainties and ongoing Brexit negotiations.

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Market Tracker is a unique service for corporate lawyers housed within Lexis®PSL Corporate. It features a powerful transaction data analysis tool for accessing, analysing and comparing the specific features of corporate transactions, with a comprehensive and searchable library of deal documentation across 14 different deal types. The Market Tracker product also includes news and analysis of key corporate deals and activity and in-depth analysis of recent trends in corporate transactions.