DSE Price Updates

                              TOL 330.00     TBL 1,800.00     TTP 510.00     TCC 1,640.00     SIMBA 1,780.00     SWISSPORT 650.00     TWIGA 1,340.00 -20.00     NICOL 305.00     DCB 360.00     KA 1,500.00     EABL 2,000.00     JHL 5,860.00    
LAST UPDATE: 24/9/2008 - 5:58PM EAT

Tuesday, August 19, 2008

Heavily oversubscribed DCB shelves listing at Dar bourse

2008-08-19 09:45:36
By Mgeta Mganga

The Dar es Salaam Community Bank (DCB) has put on hold the much expected official listing of its public shares on the Dar es Salaam Stock Exchange (DSE) as management finds space to sort out profoundly oversubscribed Initial Public Offer (IPO).

The IPO, which closed on 28th June this year, resulted in an unprecedented oversubscription to a percentage figure which came to be more than double the amount of capital DCB had wanted to raise.



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