African IPOs Set to Double Capital Raised in 2016: Baker & McKenzie (Infographics)

Africa’s equity capital markets are set for a strong 2016 following a reasonable 2015 despite commodity price falls and capital flight from emerging markets hitting the continent’s major economies.

Fifteen IPOs are already in the pipeline, with one, Nigeria‘s Interswitch, which processes payments for banks and operates in five African countries, could be Africa’s first billion dollar IPO and first public Fintech company if it proceeds with plans to dual-list in London and Lagos rather than go for a trade sale.

If the 15 in the pipeline already proceed they are likely to raise $1.5 billion more than last year’s 21 African IPOs; almost twice as much as the total raised in 2015 and more than raised 2011-2013 combined.

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