By Dipo Olowookere
On Monday, November 12, 2018, newest member of the Nigerian Stock Exchange (NSE), Skyway Aviation Handling Company (SAHCOL) Plc, commenced the sale of its shares via initial public offering (IPO).
The company plans to raise a total of N1.89 billion from the exercise, where a total of 406.1 million units of the company are up for sale at N4.65k per share.
Lagos-based Vetiva Capital Management Limited and Cordros Capital Limited are acting as financial advisers to the deal, while Sigma Securities Limited, Apel Asset Limited, APT Securities and Funds Limited, City-Code Trust & Investment Company Limited, Dynamic Portfolio Limited, Fortress Capital Limited, Planet Capital Limited, Pilot Securities Limited, and Vetiva Securities Limited are the appointed stockbrokers for the exercise.
For those interested in subscribing for the IPO, they can view prospectus here
