By Ikechukwu Emelike

The first ever Chinese firm to be listed on the Nigerian stock exchange, Big Treat plc may soon float an initial public offering (IPO). This is in order to expand the ownership base of the company and provide new equity funds for its expansion program. Big Treat plc which recently listed its shares by way of introduction on the Nigerian stock exchange (NSE) put in a total of 2 billion shares of the diversified confectionary and food company owned by Pamela Wu and was listed at N2.85 per share.

The company appears to be doing very well in the market as it recorded a 10% increase in its share price in two days of its trading after it got listed. The demand for ordinary shares of Big Treat has been on the increase since its listing hence pushing the price higher and higher, the company share price closed on 16th December 2007 at N4.00 per share. Market sources said that Big Treat might soon conclude arrangements for the IPO given the huge investors interest in the company and its expansion program.

Sterling capital which assisted to take Big Treat to the exchange is said to be guiding the company through the IPO process.

(No Ratings Yet)

 Loading ...

This entry was posted on Thursday, December 20th, 2007 at 6:20 pm and is filed under Stock Market News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.