YC-backed internet provider Tizeti will become the first Nigerian startup to list on IPO-starved NGX
- Tizeti plans to list on the Nigerian Exchange (NGX) after two years of IPO ambitions.
- The IPO will allow Tizeti to raise money from a wider pool of investors.
- Raising capital in naira will help Tizeti avoid VC-type return pressures.
Tizeti's decision to pursue an IPO on the NGX is a strategic move that could set a precedent for other African startups considering local listings. Given the challenges faced by companies listed on foreign exchanges, this approach may provide a more stable path for growth and investment. However, the success of this IPO will depend on market conditions and investor confidence in the Nigerian economy.
