BGFI Holding IPO: after first round reaches 36% coverage, second phase of CFAF 80.6 billion is oversubscribed

BGFI Holding Corporation, parent company of BGFIBank, says investor demand in the second phase of its capital increase on the Central African Securities Exchange exceeded the targeted CFAF 80.558 billion. Opened on September 15, 2026, the offering comprised 1,006,975 new shares priced at CFAF 80,000 each, intended to place shares left unsold in the first phase and raise the public’s stake from 3.85% to 10%. The first round, launched in November 2025, raised CFAF 45.325 billion against a CFAF 125.883 billion target, a coverage rate of 36.01%. For the second offering, BGFI Holding removed the individual ownership limit of 0.5% that had applied in the first phase.