The offer, which closed on Friday, 4 December 2025, attracted broad participation
Indigenous financial institution First Atlantic Bank has successfully completed its Initial Public Offering (IPO), recording an oversubscription that signals strong investor confidence in the Bank’s fundamentals and growth prospects.
An IPO is the first sale of a private company’s shares to the public, allowing it to become publicly traded and raise capital for growth, debt reduction, or to enable early investors to exit.
The offer, which closed on Friday, 4 December 2025, attracted broad participation from both institutional and retail investors.
Following the successful IPO, the Bank is scheduled to list on the Ghana Stock Exchange (GSE) on Friday, December 19, 2025, with its shares expected to commence trading on the same day. The event will bring together regulators, market operators, investors, and key stakeholders, formally confirming First Atlantic Bank as a publicly traded company.
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The listing represents a significant milestone in First Atlantic Bank’s strategy, strengthening corporate governance, enhancing regulatory compliance, and providing access to long-term capital.
The oversubscription reflects the Bank’s consistent financial performance, underpinned by sustained profitability, balance-sheet growth, and continued investment in digital banking infrastructure.
The Bank has prioritised technology-driven innovation, risk management, regulatory compliance, and customer-centric product development to strengthen its competitiveness in Ghana’s banking sector.
The Board and Executive Management expressed gratitude to regulators, including the Bank of Ghana, Securities and Exchange Commission, National Pensions Regulatory Authority, and Ghana Stock Exchange, for their invaluable support throughout the IPO process.
Looking ahead, First Atlantic Bank is expected to leverage its strengthened capital position to support business growth, deepen financial inclusion, pursue regional expansion, contribute to the development of Ghana’s capital markets, and deliver sustainable returns to shareholders.
SP/MA
Source:
www.ghanaweb.com
