Transcorp Hotels IPO

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As part of the company’s growth strategy, Transcorp Hotels is undergoing an Initial Public Offering of 800,000,000 ordinary shares of 50kobo at N10 per share to raise fresh funds from the capital market to support the development of two hotels in ikoyi, Lagos and Port Harcourt, Rivers state. The offering will be followed by a listing of the entire shares of the company on the Nigerian Stock Exchange.