The Head of Research at Databank is optimistic the initial public offer of Accra Hearts of Oak would enjoy heavy patronage, especially if it is well marketed. Nii Ampah Sowah told Joy Business that considering the support base of the football club and the sentimental value most of the fans attach to it, the IPO is very likely to be over-subscribed. Hearts last month got the nod to go public on the Accra bourse making it the first such listing by a football club. Nii Ampah Sowah is however cautioning investors to be clear in their minds what is it that they are looking for before they buy the stock. “Within our part of the world, it is very difficult to make money from sports” and the decision to invest in the club “must be made devoid of sentiments,” he advised. The club is hoping to raise 10 million Ghana cedis. Part of the money will be used to defray debts whilst some of it will go into development of infrastructure. Source: Joy Business/Ghana