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CRDB IPO in Tanzania
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VituVingiSana
#11 Posted : Wednesday, April 22, 2009 7:26:00 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,383
Location: Nairobi
dont,trust me. TShs will drop further.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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luxel
#12 Posted : Wednesday, April 22, 2009 9:26:00 AM
Rank: Member

Joined: 7/17/2008
Posts: 152
It seems that they had a rights issue which closed in Feb.2009 involving only 197,866,560 new shares which had a 20% discount. Then list the bank in DSE by june 2009,IPO will only be for the rights not taken if any.

They are hoping to raise Tshs.23.7 billion,equivalent of kshs.1.2 billion. For sure kenyan will not be involved,but for pablo who could be in TZ you could participate hoping the price will adjust for the discount offered.
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Alcapon
#13 Posted : Wednesday, April 22, 2009 9:45:00 AM
Rank: Member

Joined: 6/15/2008
Posts: 5
Anyone with details how an optimist in Kenya can apply for that IPO?

Quiting is NOT an option!
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