Agilitee, the market leader in electric vehicles and the green revolution giant, today announced that the company has received an approval by the Johannesburg Stock Exchange (JSE) to be converted from being a privately held company to a public company.
This is part of the process of Agilitee’s Initial Public Offering (IPO) on the JSE and it marks the beginning of a new chapter for Agilitee now that it officially becoming a public company.
On the IPO, Agilitee is advised by JSE approved sponsors and Acaciacap Advisors.
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 Acaciacap Advisors.
Dr. Mandla Lamba the CEO of Agilitee has started giving away 10% of Agilitee shares which are worth $2 billion to the previously disadvantaged and the members of his club known as Mandla Lamba Billionaires Club (MLBC) across the continent of Africa.
This is aimed at empowering the less fortunate and ensuring that Agilitee fulfils its Godly given mandate of poverty alleviation in Africa.
This has created over 2000 millionaires in South Africa in the past 3 weeks.
Agilitee will be setting precedence in this as this will be the first time in the history of IPOs this has ever been done.
Commenting on the latest JSE approval and the IPO Dr Lamba said this was the beginning of a new era as Africa is now being ushered into the promises of God.
“I am excited by this approval by the Johannesburg Stock Exchange,” stated Dr. Lamba.
“This is the testament of the emergence of the New Africa, the ERA of just a hopeful Africa is gone as Africa is entering the world of the promise of God. This IPO is the final leg of every promise that Agilitee made when Agilitee was formed and it will usher the continent to the forefront of the global green revolution. I have worked with Acacicap for a while as they have advised my other company on a number of investments that were successfully concluded on the Johannesburg Stock Exchange so this is by no chance a surprise, Michelle Krastanova (Acaciacap Advisors CEO) and her team are amazing. To God alone be the glory.”