Alexander Forbes IPO Suggests Valuation of Almost $1 Billion

Edward Kieswetter, CEO, Alexander Forbes

Alexander Forbes Ltd. will price its initial public offering at as much as 8.05 rand ($0.75) a share, valuing Africa’s largest independent retirement-fund administrator at about 10.5 billion rand.

The bottom end of the offer range to institutional investors is 6.90 rand, Johannesburg-based Alexander Forbes said today in a statement.

Read more: Alexander Forbes IPO Suggests Valuation of Almost $1 Billion – Bloomberg.

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