Securities dealer Barita Investments Limited is among the investors looking to score shares in NCB Financial Group Limited's additional public offering.
Barita's newly appointed CEO, Ramon Small-Ferguson, said their institutional position is to participate while having a buy recommendation with an $81+ price target.
Comparatively, the APO is priced at $65 per share.
Barita, which is a selling agent for the APO, has put a substantially higher valuation on the stock, but the size of its share application was not disclosed.
NCB Financial's approach to the market for $5–7.5 billion of fresh capital comes amid a continued downturn in equities.
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