# Stanbic Bank Botswana Opens 1.37 Billion Pula IPO to Sell 20% Stake on Local Exchange

> Stanbic Bank Botswana launched a 1.37 billion pula ($94 million) IPO for a 20% stake, offering 319.4 million shares at 4.30 pula each ahead of December 7 trading.

- Published: 2026-11-01T20:30:22+00:00
- Section: IPOs & Listings
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-01/stanbic-bank-botswana-ipo-20-stake
- Source: [Businessday](https://businessday.ng/africa/article/stanbic-bank-botswana-launches-94m-ipo-to-sell-20-stake/)

## Key takeaways

- Stanbic Bank Botswana launched a 1.37 billion pula ($94 million) IPO covering 319.4 million existing shares at 4.30 pula each.
- Retail investors were allocated 63.9 million shares, with the remainder reserved for institutional investors.
- The offer closes November 27 and trading is expected to begin on the Botswana Stock Exchange on December 7.
- Stanbic Africa Holdings, a Standard Bank Group subsidiary, will keep an 80 percent stake after the sale.

Stanbic Bank Botswana has launched a 1.37 billion pula ($94 million) initial public offering to sell a 20 percent stake, offering 319.4 million existing shares at 4.30 pula each. [Businessday](https://businessday.ng/africa/article/stanbic-bank-botswana-launches-94m-ipo-to-sell-20-stake/) reported that the offer closes November 27, with trading expected to begin on the Botswana Stock Exchange on December 7.

## How the Stanbic Bank Botswana Offer Is Structured

Stanbic Africa Holdings, a subsidiary of South Africa's Standard Bank Group, is the selling shareholder and will retain an 80 percent stake in the Botswana business after the sale. Retail investors have been allocated 63.9 million shares, while the remaining shares are reserved for institutional investors.

The bank said the listing is intended to broaden local ownership, support citizen economic empowerment and encourage wider participation in the country's capital markets. The offer gives individuals and institutions an opportunity to take an ownership position in a lender that has been part of the Standard Bank Group's operations in Botswana.

The IPO is the third share offer on the local exchange in recent weeks, following a decade-long period without new listings. The bank said the recent activity could signal renewed interest in the market and provide a boost to efforts to attract more companies and investors to Botswana's capital markets.

## Other Listings Moving Toward Market

Carlsberg, Pernod Ricard and Coca-Cola are advancing IPO plans for their Indian businesses, [BusinessLine](https://www.thehindubusinessline.com/markets/carlsberg-pernod-ricard-coca-cola-prepare-to-tap-capital-markets-through-ipos/article71652486.ece) reported on November 1. Carlsberg filed an updated draft red herring prospectus with SEBI, Pernod Ricard continues preparatory work pending board approval, and Coca-Cola is exploring a listing of its Indian bottling operations.

QNB Group confirmed the final allocation of shares in Dandy Ltd's IPO, [Gulf Times](https://www.gulf-times.com/article/737142/business/qnb-group-confirms-final-allocation-of-shares-ahead-of-dandy-ipo) reported on October 31. The allocation covers 41.2 million shares at QR5.01 each, totaling QR206.41 million, with trading expected in November pending exchange admittance.

Anthropic filed paperwork for an initial public offering, [Scworld](https://www.scworld.com/brief/anthropic-files-for-initial-public-offering-amid-broader-tech-market-volatility) reported on October 30, amid high computing costs and uncertain returns.

## Dates Set for the Botswana Listing

The public offer closes on November 27. Trading on the Botswana Stock Exchange is expected to begin on December 7.

## Companies in this story

- Stanbic Bank Botswana · website: https://www.stanbicbank.co.bw

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