Steinhoff Africa Retail IPO a success, up 5% on day one

Aidan Gregory

September 20, 2017 05:00 pm

South_Africa_PA_230x150 — South African fans wave the South African flag during the ICC World Cup match between South Africa and the West Indies at the Sydney Cricket Ground in Sydney, Friday, Feb. 27, 2015. (AAP Image/Dean Lewins) | DEAN LEWINS/AAP/PA Images

Shares in Steinhoff Africa Retail, the African retail assets of Steinhoff International, rose 5% above their IPO price on Wednesday after the company made its debut on the Johannesburg Stock Exchange.

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Topics

Africa Equity Equity IPOs Equity South Africa Emerging Markets EM - Africa EMEA Africa

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Aidan Gregory