Alexander Forbes

NEWS

S.African pension manager Alexander Forbes raises $347 mln from flotation

South African pension manager Alexander Forbes priced its stock market listing in the middle of its marketed range on Friday, raising 3.7 billion rand ($347.32 million) in Africa’s second-largest initial public offering this year. The pricing points to fairly strong demand when the company lists on the Johannesburg bourse next Thursday, a trader said. It values Alexander Forbes at 9.7…