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Stock market: Oragroup listed on the BRVM, with 284.6 billion FCFA of capitalization

16/04/2019
Source : BRVM
Categories: Index/Markets

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This is the largest admission ever made since the creation of the Regional Stock Exchange in 1998.

CFAF 284.6 billion. This is the record amount of market capitalization of Oragroup at its introduction this Tuesday, April 16 in Lomé, Togo.

And this, after having carried out its Public Offer of Sale (OPV) of shares for an amount of 56.92 billion FCFA on the Regional Financial Market of UEMOA from October 29 to November 22.

This spectacular entry by Oragroup brought the market capitalization at the opening of this market to 5154 billion FCFA.

It becomes the 15th bank listed on the BRVM and the 7th to enter the market over the past five years out of the nine new admissions. And the 46th listed company on the WAEMU stock exchange.

Listed under the symbol ORGT at a reference price of 4,100 FCFA, the ORAGROUP share ended the trading day at 4,200 FCFA, an increase of 2.44%.

Based in Togo with subsidiaries in a dozen countries in West and Central Africa, ORAGROUP thus displays its ambition to become a regional and continental reference in the banking field while promoting the financing of the economies where it is present.

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