Staying true to our mission of showing our clients where wealth-building opportunities are, using superior technology, we are pleased to announce the launch of the Offers & IPOs feature on the Zedcrest Wealth app.
Why have we launched this feature?
Well, investment opportunities in the Nigerian capital market do not always come in the form of shares you can trade on the open market. Sometimes, a company opens an offer to the public, giving investors an opportunity to subscribe to its shares before they begin trading on the exchange.
Until now, finding and accessing these opportunities has meant navigating multiple channels and platforms. But now, with the new Offers & IPOs feature, you can discover and participate in available Initial Public Offers (IPOs) and other public offers in Nigeria from one place.
What are offers and IPOs?
An Initial Public Offer (IPO) happens when a private company offers its shares to the public for the first time. This is usually before they list the shares for trading on a stock exchange.
A public offer, on the other hand, is a broader term. This can include an IPO, but it can also cover other offers from companies already publicly listed on the exchange.
So, when you see an opportunity listed under Offers & IPOs, you’re looking at an opportunity to subscribe to securities being offered to investors, subject to the terms and eligibility requirements of that particular offer.
Why we built this feature
Public offers come with specific subscription windows. Once an offer closes, investors can no longer apply to that offer.
We wanted to make it easier for you to find these opportunities and participate when you decide an offer is right for you.
With Offers & IPOs, you don’t have to wonder where to find an available offer or where to apply. You can check the feature in the Zedcrest Wealth app, review the information provided, and go from there. It also gives you more ways to explore the Nigerian capital market alongside the other investment options available on the app.
How to apply to public offers on the Zedcrest Wealth app
- Log in to the Zedcrest Wealth app and switch to stockbroking mode.
- On the home screen, you’ll find a section called Offers & IPOs. Here you can view IPOs and other public offers currently available on the platform.
- Select the offer you want to subscribe to and review the offer details. This may include the offer price, subscription period, prospectus, and other relevant documents.
- If you decide to participate in the offer, you can follow the subscription process on the app.
The process may vary depending on the specific offer, so always review the information provided before submitting your subscription.
Get your CSCS account ready before the next IPO
If you want to participate in public offers in Nigeria, you need a CSCS account.
A Central Securities Clearing System (CSCS) account is used to hold shares and other securities traded in the Nigerian capital market. Having your account set up ahead of time means you’re better prepared when an IPO or public offer you’re interested in becomes available.
You can create your CSCS account through the Zedcrest Wealth app.
It’s better to get this done before an offer opens than after the subscription window has already started counting down.
So, if you haven’t already, download the Zedcrest Wealth app and create your CSCS account today so you’re ready for the next IPO or public offer.
