Deals
Standard Bank facilitates second largest IPO in SA’s history

South Africa

Nov 18, 2016

Listing marks next stage in Dis-Chem’s development.

Dis-Chem aims to continue growing its market share by doubling its store footprint in the next 5 to 8 years. Through its listing, the company raised R4.4bn (US$304m) to:

  • Enhance its profile with investors, business partners and customers;
  • Position it to further pursue its strategic growth plans;
  • Enable access to the capital markets, if necessary, to fund its future growth;
  • Assist in its recruitment, retention and incentivisation of senior management and employees;
  • Diversify its shareholder base; and
  • Create a liquid market for its shares going forward.

Standard Bank acted as Joint Global Coordinator, Joint Bookrunner and Joint Transaction Sponsor on the IPO, which is the second largest IPO in South African history.  “Our in-depth knowledge of the consumer sector and equity capital markets, coupled with our understanding of Dis-Chem’s business strategy and goals, made us the ideal partner to support and enable this home-grown South African icon to realise their business ambitions”.

 

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