Presentations for an African $70-100m LSE AIM IPO

I just like the image of an African IPO. Current market cap $1.5B

Based on our direct conversations with stockbrokers, NOMADs, auditors and lawyers, an LSE AIM listed company valued at $100m would need to have (ultra conservatively) $8–10m in revenue and $0–1m in EBITDA.

$8-10MM in Revenue (run rate)20-30% growth p.a. demonstrable historical growth track recordPositive EBITDA or clear path to Profitability20% Minimum Initial Sale with Free Float of approx. 40-60% . 12 month Lock-up Period for Initial Investors/ManagementPre-IPO West African HNWI/Family Office Private Placement that converts at a discount to the IPO price is possible. Offering shares to Iroko subscribers could be contemplated as well1-2 NEDs with one as Chair. Committees, eg. Audit, Remuneration, are also requiredLaunch 6 months prior to IPO—investor feedback on valuation, etc. via Early Look Meetings with potential investors

A $120–150m IPO for IROKO in 2021

https://www.slideshar...

Start your subscription for just
₦22,500 ($50/£40)
for 1 year.

Made a payment, but can’t access the blog?

Please provide the requested details so we can update your subscription.

 

Proof of payment

Please provide either a proof of payment or transaction number to help us quickly find your payment and update your subscription.

 

Search

Press ESC to close search