Cell C has significantly cut the offer price for its upcoming listing on the Johannesburg Stock Exchange (JSE), reducing its expected market capitalization by hundreds of millions of Rands. Read: Discovery Bank partners with Luno in SA for crypto trading In an update to investors on Friday, Blu Label Unlimited Group, Cell C’s largest shareholder,…
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Cell C is heading to the public market with a proposed JSE listing that pegs the offer price between R29.50 and R35.50/share – a range that implies a post-listing market capitalisation of between R9.5-billion to R12.1-billion, depending on the final share count and whether an over-allotment is exercised. The transaction is a secondary sale by…
Hong Kong Skyline Nikada | E+ | Getty Images Asia-Pacific markets rose Thursday, tracking Wall Street gains after AMD’s third-quarter earnings beat lifted artificial intelligence stocks. Japan’s benchmark Nikkei 225 index was up 1.45%, while the Topix index climbed 1.11%. Japanese artificial intelligence-related companies rose: Advantest, which supplies testing equipment to Nvidia, was up 3.73%,…
Emerging markets fintech Optasia has confirmed it will list on the JSE at a valuation of R23.5-billion following the closing of its bookbuilding period on Thursday. The company – backed by former First National Bank CEO Michael Jordaan – confirmed that its share offer closed at the top end of the R15.50 to R19/share range…
Dr Adam Pantanowitz, with humanoid robot Maximus. Maximus (Unitree G1), a humanoid robot developed by China-based Unitree Robotics, made its first South African public appearance this week at the Singularity Summit 2025. The two-day event, held at the Sandton Convention Centre, is a technology-focused conference that explores how exponential technologies can address humanity’s biggest challenges…
Optasia’s plans to list on the JSE could see the company valued at up to R23.5-billion in its public market debut. In a pre-listing statement on Monday, Optasia, whose backers include investor Michael Jordaan, outlined its intention to price its initial share offer at between R15.50 and R19/share. The number of shares on offer will…
Apple has unveiled a series of product updates, including a refreshed MacBook Pro, an iPad Pro and a second generation of the Vision Pro headset, as it embeds its latest M5 chip across devices aimed at creative professionals. The introduction of M5-powered devices positions Apple to counter performance gains from rivals using Qualcomm and Intel’s…
Optasia CEO Salvador Anglada Technology-driven microfinancing specialist Optasia, which on Wednesday announced its intention to list on the JSE, aims to undertake a primary issuance worth about R1.3-billion to support organic growth and acquisitions. Speaking to TechCentral in an interview on Wednesday, Optasia CEO Salvador Anglada said the listing is meant to raise capital to…
Colombian winger scores on his competitive debut for Bayern Munich in a victory over Stuttgart in the German Supercup. Luis Diaz, making his Bayern Munich debut, and Harry Kane scored for the reigning Bundesliga champions in a 2-1 away victory against Stuttgart in the German Supercup. The match, which opens the German season with the…
