FLOTEK EYES BSE LISTING TO FUND NEXT GROWTH PHASE

Article By: Gilbert Manenye

Local manufacturer of pipes and tanks, Flotek, is planning to list its shares for the first time on the Botswana Stock Exchange by 2027,as it looks to scale its operations and strengthen its corporate foundations.

Speaking in an interview with Gabz FM News, Flotek director Arun Iyer said the proposed initial public offering, builds on private capital already raised by the company and will help the manufacturer to expand its operations within its markets in the SADC region.

While the company has yet to determine the size of the capital raise, Arun said Flotek is aiming for the transaction to rank among the largest IPOs in the history of the Botswana Stock Exchange.