First HoldCo
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WA
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1st Tranche of Recapitalization has been completed, await the private placement to raise N350 Billion
FirstHoldco has announced the successful completion of its Rights Issue, with an impressive oversubscription of 25% above the target amount. Key highlights of the Rights Issue include: - Oversubscription: 25% above the target amount - Total Subscriptions: N187.6 billion - Target Amount: N150 billion - Purpose: To strengthen the Group's position in the market, invest in innovation, and drive sustainable growth in FirstBank, its flagship subsidiary.
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17.5% undervalued intrinsic discount25.15%
Revenue growth p.a.
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3 days ago author updated this narrative