Dot Com Zambia IPO Soars on LuSE

0

Dot Com Zambia PLC launched its IPO on the LuSE Alt-M, offering 1 million shares at ZMW12.30 to fund expansion in e-commerce and logistics. The offer, aimed at strengthening its capital base and supporting product innovation, was oversubscribed 114 times. Strong retail participation came from Zambian investors. The company’s 2024 revenue surged 147% to ZMW528.9 million, reflecting rising digital-commerce demand. The successful listing underscores growing investor appetite for tech-driven SMEs and deepening capital-market activity.