{"id":194578,"date":"2016-03-01T07:59:21","date_gmt":"2016-03-01T07:59:21","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=194578"},"modified":"2016-03-01T07:59:21","modified_gmt":"2016-03-01T07:59:21","slug":"194578","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2016\/03\/194578\/","title":{"rendered":"ADB justifies extension of IPO"},"content":{"rendered":"<p style=\"text-align: justify;\">The Agricultural Development Bank (ADB) has attributed the extension of its Initial Public Offer (IPO) to its quest to allow more retail patronage of its shares.<\/p>\n<p style=\"text-align: justify;\">[contextly_sidebar id=&#8221;PoYpb0hj0jKuq6d8esMd0uPIMqbUDgii&#8221;]The sale of the bank\u2019s IPO was initially scheduled to end on February 26. But a statement released by the bank indicated an extension to March 24, 2016.<\/p>\n<p style=\"text-align: justify;\">The Head of Research at UMB stock brokers, Nana Kofi Agyeman Gyamfi had earlier told <strong>Citi Business News<\/strong> of a <span style=\"color: #666699;\"><strong><a style=\"color: #666699;\" href=\"http:\/\/business.citifmonline.com\/2016\/02\/15\/low-patronage-of-adb-shares-with-barely-two-weeks-to-close\/\" target=\"_blank\">low patronage<\/a> <\/strong><\/span>with some few weeks to the end of the initial closing date.<\/p>\n<p style=\"text-align: justify;\">ADB launched its IPO on <span style=\"color: #666699;\"><strong><a style=\"color: #666699;\" href=\"http:\/\/business.citifmonline.com\/2015\/07\/03\/adb-ipo-takes-off\/\" target=\"_blank\">December 23<\/a> <\/strong><\/span>after several unsuccessful attempts due to some legal constraints. The bank is expecting to raise about 390 million cedis from the IPO.<\/p>\n<p style=\"text-align: justify;\">Speaking to <strong>Citi Business News<\/strong>, the Head of Marketing and Communications at ADB, Solomon Adu Atefoe maintained that the bank is hopeful of further increase in patronage before the closing date is due.<\/p>\n<p style=\"text-align: justify;\">&#8220;Based on the immense response by the customers at the later stage of the IPO, we decided to extend it to give more people the chance because Ghanaians were behaving like the last minute purchasers which we usually are. So there was the need for ADB to grant more people the opportunity to own part of the progressive bank.\u201d Solomon Adu Atefoe stated.<\/p>\n<p style=\"text-align: justify;\">Meanwhile Solomon Adu Atefoe says the bank is optimistic of higher patronage during the extension period,<\/p>\n<p style=\"text-align: justify;\">\u201cExpectations are great. We believe more people are going to buy into it. As I keep saying, ADB staff has bought into it and more retail customers are also buying into it so expectations are very very good\u201d. He added.<\/p>\n<p style=\"text-align: justify;\">&#8211;<\/p>\n<p style=\"text-align: justify;\">By: Pius Amihere Eduku\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Agricultural Development Bank (ADB) has attributed the extension of its Initial Public Offer (IPO) to its quest to allow more retail patronage of its shares. [contextly_sidebar id=&#8221;PoYpb0hj0jKuq6d8esMd0uPIMqbUDgii&#8221;]The sale of the bank\u2019s IPO was initially scheduled to end on February 26. But a statement released by the bank indicated an extension to March 24, 2016. [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[121,32,10,11],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ADB justifies extension of IPO - Citi 97.3 FM - Relevant Radio. Always<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/citifmonline.com\/2016\/03\/194578\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ADB justifies extension of IPO - Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"og:description\" content=\"The Agricultural Development Bank (ADB) has attributed the extension of its Initial Public Offer (IPO) to its quest to allow more retail patronage of its shares. [contextly_sidebar id=&#8221;PoYpb0hj0jKuq6d8esMd0uPIMqbUDgii&#8221;]The sale of the bank\u2019s IPO was initially scheduled to end on February 26. But a statement released by the bank indicated an extension to March 24, 2016. [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/citifmonline.com\/2016\/03\/194578\/\" \/>\n<meta property=\"og:site_name\" content=\"Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/citi97.3\" \/>\n<meta property=\"article:published_time\" content=\"2016-03-01T07:59:21+00:00\" \/>\n<meta name=\"author\" content=\"Kojo Akoto Boateng\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@citi973\" \/>\n<meta name=\"twitter:site\" content=\"@citi973\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kojo Akoto Boateng\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/citifmonline.com\/2016\/03\/194578\/\",\"url\":\"https:\/\/citifmonline.com\/2016\/03\/194578\/\",\"name\":\"ADB justifies extension of IPO - Citi 97.3 FM - Relevant Radio. Always\",\"isPartOf\":{\"@id\":\"https:\/\/citifmonline.com\/#website\"},\"datePublished\":\"2016-03-01T07:59:21+00:00\",\"dateModified\":\"2016-03-01T07:59:21+00:00\",\"author\":{\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1\"},\"breadcrumb\":{\"@id\":\"https:\/\/citifmonline.com\/2016\/03\/194578\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/citifmonline.com\/2016\/03\/194578\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/citifmonline.com\/2016\/03\/194578\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/citifmonline.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"ADB justifies extension of IPO\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/citifmonline.com\/#website\",\"url\":\"https:\/\/citifmonline.com\/\",\"name\":\"Citi 97.3 FM - Relevant Radio. Always\",\"description\":\"Ghana News | Ghana Politics | Ghana Soccer | Ghana Showbiz\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/citifmonline.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1\",\"name\":\"Kojo Akoto Boateng\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g\",\"caption\":\"Kojo Akoto Boateng\"},\"url\":\"https:\/\/citifmonline.com\/author\/kojo\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"ADB justifies extension of IPO - Citi 97.3 FM - Relevant Radio. Always","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/citifmonline.com\/2016\/03\/194578\/","og_locale":"en_US","og_type":"article","og_title":"ADB justifies extension of IPO - Citi 97.3 FM - Relevant Radio. Always","og_description":"The Agricultural Development Bank (ADB) has attributed the extension of its Initial Public Offer (IPO) to its quest to allow more retail patronage of its shares. [contextly_sidebar id=&#8221;PoYpb0hj0jKuq6d8esMd0uPIMqbUDgii&#8221;]The sale of the bank\u2019s IPO was initially scheduled to end on February 26. But a statement released by the bank indicated an extension to March 24, 2016. [&hellip;]","og_url":"https:\/\/citifmonline.com\/2016\/03\/194578\/","og_site_name":"Citi 97.3 FM - Relevant Radio. Always","article_publisher":"https:\/\/www.facebook.com\/citi97.3","article_published_time":"2016-03-01T07:59:21+00:00","author":"Kojo Akoto Boateng","twitter_card":"summary_large_image","twitter_creator":"@citi973","twitter_site":"@citi973","twitter_misc":{"Written by":"Kojo Akoto Boateng","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/citifmonline.com\/2016\/03\/194578\/","url":"https:\/\/citifmonline.com\/2016\/03\/194578\/","name":"ADB justifies extension of IPO - Citi 97.3 FM - Relevant Radio. Always","isPartOf":{"@id":"https:\/\/citifmonline.com\/#website"},"datePublished":"2016-03-01T07:59:21+00:00","dateModified":"2016-03-01T07:59:21+00:00","author":{"@id":"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1"},"breadcrumb":{"@id":"https:\/\/citifmonline.com\/2016\/03\/194578\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/citifmonline.com\/2016\/03\/194578\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/citifmonline.com\/2016\/03\/194578\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/citifmonline.com\/"},{"@type":"ListItem","position":2,"name":"ADB justifies extension of IPO"}]},{"@type":"WebSite","@id":"https:\/\/citifmonline.com\/#website","url":"https:\/\/citifmonline.com\/","name":"Citi 97.3 FM - Relevant Radio. Always","description":"Ghana News | Ghana Politics | Ghana Soccer | Ghana Showbiz","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/citifmonline.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1","name":"Kojo Akoto Boateng","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/citifmonline.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g","caption":"Kojo Akoto Boateng"},"url":"https:\/\/citifmonline.com\/author\/kojo\/"}]}},"_links":{"self":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts\/194578"}],"collection":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/comments?post=194578"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts\/194578\/revisions"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/media?parent=194578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/categories?post=194578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/tags?post=194578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}