Cameroonian Investors Commit CFA12.7 Billion to BGFI Holding IPO

Cameroonian Investors Commit CFA12.7 Billion to BGFI Holding IPO BGFI Holding Corporation’s stock market debut on the Central African regional exchange drew strong demand from investors in Cameroon, reinforcing the country’s growing role in the Gabonese banking group’s regional strategy. According to results released by brokerage firm BGFIBourse, which managed the transaction, Cameroonian investors subscribed CFA12.7 billion in the first phase of the IPO. That represented 28.1% of the CFA45.3 billion raised so far. Only Gabon, BGFI Holding’s home market, attracted more subscriptions. Investors there contributed more than CFA22 billion, or nearly half of the total amount raised during the…