Advertising firm Digicut has secured approval from the Securities and Exchange Commission to list on the Alternate Market of the Ghana Stock Exchange.

This move now paves the way for the company to launch its initial public offering to raise about GH¢2.8 million.  

Digicut which is a subsidiary of Groupe Nduom is planning to sell 35 million shares at a price of 8 pessewas. According to a circular to the investing public, 750 shares would be the minimum that one can buy.

If the public offer becomes successful, it would result in Digicut being the first company to list on the alternate market this year.

The Alternate market does not come with the strict conditions like the main market which is mainly for the big firms.

Tags: