Steinhoff Africa Retail finishes biggest ever South African IPO

Aidan Gregory

September 14, 2017 04:30 PM

South_Africa_PA_230x150 — South African fans wave the South African flag during the ICC World Cup match between South Africa and the West Indies at the Sydney Cricket Ground in Sydney, Friday, Feb. 27, 2015. (AAP Image/Dean Lewins) | DEAN LEWINS/AAP/PA Images

The IPO of Steinhoff Africa Retail, known as Star, the African discount store assets of Steinhoff International, has been priced at R20.50 a share, the midpoint of the initial R18 to R23 range.

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Topics

Africa Equity Morgan Stanley Equity IPOs Equity South Africa Emerging Markets EM - Africa EMEA Africa

AG

Aidan Gregory