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Ivory Coast’s Orange subsidiary listed on West Africa regional bourse

An Ivorian subsidiary of French telecoms company Orange ORAN.PA was listed on West Africa’s regional bourse on Friday, following a successful initial public offering earlier this month.

Orange Cote d’Ivoire launched an initial public offering on Dec. 5. Stock worth 140.98 billion CFA francs ($215 million) was sold at 9,500 CFA francs per share to private investors and 7,600 CFA francs per share to Orange Cote d’Ivoire employees.

The company issued 13,470 shares at 10,210 CFA francs ($16.62) per share on Friday, giving Orange Côte d’Ivoire the second largest market capitalisation after Senegalese telecoms company Sonatel. Nasdaq

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