NEW YORK, November 18, 2016
Dis-Chem, the 6th largest South African IPO on record and largest since Alexander Forbes Group in 2014, priced Tuesday at ZAR18.50, just above the mid-point of the ZAR16.25-20.25 range.
Joint global coordinators Goldman Sachs, Investec Bank, and Standard Bank executed the transaction through the Dealogic Platform. The Dis-Chem IPO pushes South African 4th quarter ECM volume to more than $1 billion, making it the third consecutive quarter with $1 billion+ volume.
Banks leading the top 10 global IPOs this year — including Postal Savings Bank of China ($7.6 billion); innogy ($5.2 billion); and JR Kyushu ($4 billion)—all relied on the Dealogic Platform for successful execution.
“The biggest transactions on record in every major financial center in the last 30 years have been executed on Dealogic,” said Tom Fleming, CEO. “Our clients have managed more than 13,000 ECM deals via the Dealogic Platform in the last decade, raising more than $5.5 trillion for issuers around the world. I’m pleased that once again we’re able to help our clients manage equity capital raises no matter the scale and complexity, and ensure full compliance for their peace of mind.”
Dealogic offers integrated content, analytics, and technology via targeted products and services to financial firms worldwide. Whether working in capital markets, sales and trading, banking, or compliance, firms rely on Dealogic’s platform to connect and more effectively identify opportunities, execute deals, and manage risk. With 30 years’ experience and a deep understanding of financial markets, Dealogic is a trusted global partner.