Agilitee to raise US$2Bn in equity capital through IPO listing at JSE

Agilitee, has announced plans to raise $ 2 billion in additional equity capital through an Initial Public Offer [IPO] listing on the Johannesburg Stock Exchange.

The EV manufacturer has appointed AcaciaCap Advisors to fast-track the Initial Public Offer plan.

“With this IPO Agilitee is also seeking to raise a total of $2 billion in equity capital by selling 10% of the business to new investors, this capital raising will commence as soon as the prospectus is completed by Agilitee’s newly appointed JSE approved Sponsor, AcaiaCap Advisors.

Agilitee will also be giving away another 10% which is $2 billion worth of its shares to the poor across the continent of Africa.

This is aimed at empowering the less fortunate and ensuring that Agilitee fulfils its mandate of poverty alleviation in Africa. Agilitee will be setting precedence in this as this will be the first time in the history of IPOs this has ever been done.” Says Dr. Mandla Lamba –Chairman and Founder of Agilitee.

The firm will also be giving away an additional 10% which is equivalent to $2 billion worth of its shares to the poor across the continent of Africa. This is aimed at poverty alleviation in the continent.

Dr. Lamba pointed out that the firm is also conducting an early bird capital raising through a private placement where high net worth individuals and other qualified investors can inject a minimum of $ 65,000 into Agilitee.

“We have completed the reorganization of our business, the corporate action was aimed at taking Agilitee from being a regional player to a global player in the field. The company is in the process of forming Agilitee Europe, Agilitee UK, Agilitee UAE and Agilitee South America in the next 12 months,” said Dr. Lamba.

There have been new other appointments made among them the appointment of a former CFO of Tech Group, as well as the new Human Resource Director, Masego Motloba.

The company has also appointed Nkululeko Magwaza who is one of the founding employees of Agilitee as the new head of Inventory.

Bonisile Roberts the current new CEO now owns 2,5% of Agilitee which is putting her net worth a little over one billion dollars and the IPO will make her the richest woman in Africa.

Agilitee is Pro-Women and is leading the charge in the bridging of the gender disparity gap.

Agilitee is following in the footsteps of many global tech groups such as Facebook and other big techs like Uber.

These are IPOs that created billionaires and millionaires from staff to the early bird investors.

Agilitee is setting precedence for future digital IPOs in terms of empowering the commoners and when this IPO is concluded, it will create a lot of millionaires from investors beyond the company’s investors.

Facebook created 1000 millionaires and 4 years the number had grown to 36000 millionaires and 12 billionaires, whereas Microsoft created 12000 on its IPO and 147, 000 millionaires 10 years later for those who held onto their shares post IPO.

The firm is eyeing to create 100, 000 millionaires on IPO and 5 times 5 years post IPO for investors who decide to stay on. Agilitee is driven by impact over profit and it believes in this model. If you are an investor who worries a lot then Agilitee is not your play.