Ghana’s Kasapreko IPO Oversubscribed 146 Percent Ahead of Gse Listing

Kasapreko drew GH¢1.72 billion, or about $150 million, in its initial public offering, more than double its target, as Ghana’s stock-market rally draws companies and investors back to public equities.

The beverage producer had sought to raise GH¢700 million by selling 583.3 million shares at GH¢1.20 each. Demand reached about 246% of the offer size, equal to an oversubscription of 146%. The company is expected to list on the Ghana Stock Exchange on June 17 under the ticker KPLC.

Kasapreko is…