BGFI Holding Corporation lists on BVMAC with historic Central Africa IPO
via Gabon Review5 min read
BGFI Holding Corporation, the parent company of BGFIBank Group, officially listed on the Central African Securities Exchange BVMAC on May 7, marking its first official quotation on the unified financial market of the Economic and Monetary Community of Central Africa CEMAC. This initial public offering IPO represents a new growth phase for the Gabonese banking group, aiming to strengthen its role in financing economies, particularly in Central Africa. The IPO, which involved 10% of BGFI Holding Corporation's share capital, raised 45.3 billion CFA francs from 7,601 investors across 24 countries, achieving a subscription rate of 136%. Individual investors accounted for 71% of subscribers, indicating growing financial literacy in the CEMAC region. For BVMAC, this listing is significant as it addresses the exchange's historical liquidity deficit and limited number of listed companies. BGFI Holding is the first multinational to join the regional exchange's equity compartment, sending a strong signal to other large companies in the zone. The operation also demonstrates the regional financial market's capacity to host major fundraising under the supervision of the Central African Financial Market Supervisory Commission COSUMAF. This move aligns with the Bank of Central African States' BEAC broader effort to promote local currency financing and reduce the sub-region's reliance on external capital. By opening its capital to the public, BGFIBank Group aims to make regional savings a dri
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