The Nigerian Exchange’s overall market capitalisation has increased by N3.1 trillion as a result of Aradel Holdings Plc’s listing on the NGX.
The company’s strategic move demonstrates its commitment to making quality investments in the Nigerian oil and gas sector accessible to the average investor, according to Stanbic IBTC Capital, the financial adviser for Aradel’s listing on the Main Board of the Exchange.
The listing will also significantly increase the NGX’s market capitalisation and is anticipated to improve the raise the company’s profile, draw in more investors, and improve its chances.
The listing of 4,344,844,360 common shares of 50 kobo in Aradel Holdings Plc on October 14, 2024, was a historic event since it was the biggest listing ever made on the Nigerian stock exchange.
Stanbic IBTC Capital CEO Oladele Sotubo expressed his enthusiasm for the recent listing, saying, “The successful listing signifies a major achievement, not just for Aradel.” holds, but also draws attention to a pivotal point for Stanbic IBTC Capital. Our top spot as a chosen counsel for corporates looking to list on the NGX is further cemented by this achievement.
