Angola Stock Exchange is finally set for it's first IPO 8 years after it was established.

The IPO would be launched on June 9, 2022 by Angola's largest bank Banco BAI, which is majority-owned by state-owned oil company Sonangol and diamond producer Endiama E.P. In a statement released via its website, Banco BAI explained that both Sanongol and Endiama E.P will collectively issue 10% of their shares during the IPO. The shares will be priced at $41.75 each, bringing Banco BAI's valuation to $972 million. <a href="https://kaya959.co.za">Kaya 959</a>