“Let's stop criticizing our banks!”

More than ten years after the subprime mortgage crisis, all the light has not been shed, and yet the idea of ​​the guilt of the banks has taken hold firmly in people's minds. They are even blamed for the double fault, since after playing with fire and triggering the crisis, they allegedly asked for help from the States. This unanimous condemnation, the result of incomplete analyzes, is a heavy component of the bank bashing that has raged since then and unfortunately works against our interests. We are indeed at a critical moment when Europe, faced with the domination of American finance and the dollar, must develop its own financial capacities. The development of a strong pan-European financial sector is therefore essential if we particularly want to foster the emergence of future European gafas. 
If it is vain to hope for the complete disappearance of this bank bashing and, one might say, of the bashing market whose roots plunge both in history and in ignor…

IHS Holding is once again preparing the biggest African IPO in the United States

IHS Holding is back with its plans to go public on the US financial market, according to information reported by its reference shareholder Wendel, the French private equity firm. This is the largest IPO of an African company in the United States. 

IHS Holding is once again preparing the biggest African IPO in the United States

IHS Holding, the mobile telecommunications infrastructure group in Africa, has returned to its proposed listing on one of the American stock exchanges, according to a press release published on August 18, 2020 by Wendel. "We are still awaiting details on the dates, the number of shares that will be offered and the price of the offer," said the French private equity firm, which holds 21.3% of the company's capital.

We also learn that we are far from the operation itself, because the process will still have to be validated by the competent regulatory authorities in the United States. In February 2020, Bloomberg reported that investment banks Citigroup and JP Morgan Chase had been appointed as arrangers of the deal, which valued IHS Holding at nearly $ 7 billion. If this level of trading is reached, it will be the largest IPO of an African company in a US financial market.

The telecommunications tower manager has been keen to complete its IPO on a major financial market since 2018. A first project was suspended because market conditions were not favorable.

The company's main market is Nigeria, where there was uncertainty over the outcome of the presidential election in which Muhammadu Buhari took part.

It should be remembered that IHS has major stakeholders such as the South African group MTN and the American investment bank Goldman Sachs in its shareholding.