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Afreximbank postpones IPO

The African Export-Import Bank announced on 29 October that it was postponing a planned London share listing due to market conditions. The bank only announced plans for the initial public offering on 9 October, and said on 16 October it planned to issue an initial $250m of global depositary receipts. “Despite significant interest in the bank from investors, in light of unfavourable market conditions, it has decided to postpone the proposed initial public offering at this time.

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