The Bangladeshi-Dutch lender, which provides microfinance to low-income businesswomen in Africa and Asia, announced on 18 June that it intended to float, with the intention of gaining access to capital markets and incentivising management and staff. The firm, which has 9,000 staff and 1,387 branches worldwide, lends to 1.8 million customers. ASA International has issued $299m of gross loans since 2013, with an average 25% return during that time. In a statement released by its chief executive, John van der Velde, The London IPO is being led by Citi along with Investec, EFG Hermes and KBW.
The Bangladeshi-Dutch lender, which provides microfinance to low-income businesswomen in Africa and Asia, announced on 18 June that it intended to float, with the intention of gaining access to capital markets and incentivising management and staff. The firm, which has 9,000 staff and 1,387 branches worldwide, lends to 1.8 million customers. ASA International has issued $299m of gross loans since 2013, with an average 25% return during that time. Last year, the company made a profit of $29m. The London IPO is being led by Citi along with Investec, EFG Hermes and KBW.