There were no cross-border initial public offerings (IPOs) on African exchanges in the first half of this year, multinational law firm Baker McKenzie’s ‘H1 IPO Snapshot: Unfolding Trends for 2021’ report shows. However, the continued global demand for special purpose acquisition company (SPAC) IPOs reached African shores in the first half of the year – with a cross-border listing from a South African SPAC issuer – African Gold Acquisition – into the NYSE.
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