Zambia: Dot Com Zambia IPO Draws Record Demand Ahead of Luse Alt-M Debut

Dot Com Zambia Plc’s initial public offering has been heavily oversubscribed, underscoring strong investor appetite ahead of its listing on the Lusaka Stock Exchange’s alternative market, LuSE Alt-M.

The exchange said Tuesday that the offer closed on December 5, one week earlier than planned, after demand exceeded expectations. Applications reached ZMW 14.1 million against a target of ZMW 12.3 million, representing an oversubscription of 114 times.

Retail investors accounted for 85% of the new…