Video on-demand platform, iROKOtv may be set to list on the London Stock Exchange

Nigeria’s online video on-demand platform, iROKOtv may be on its way to be listed through an Initial Public Offer (IPO) on the London Stock Exchange.

Several tweets by its founder, Jason Njoku suggest this. Though he did not give details on the proposed listing, his tweets suggested it might be his exit strategy.

After this weeks IPO meetings. It's the only thing which matters full stop. Now and forever. https://t.co/R1aRW4SfUa

— JasonNjoku (@JasonNjoku) October 25, 2019

Speculations are rife that the video on-demand platform had commenced plans for the IPO, targeting to listing on London Stock Exchange (LSE) by 2021.

Understanding exit opportunities and IPOs at the London Stock Exchange. pic.twitter.com/hCyi7LchZT

— JasonNjoku (@JasonNjoku) October 23, 2019

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All efforts by Ripples Nigeria to reach the SVOD platform proved abortive.

iROKOtv, in July 2019, concluded a deal with french movie maker, Canal+ Group for the purchase of its film studio and internation TV network, ROK. The transaction saw iROKO Limited taking full control of the JV IROKO+, a subscription video on demand (SVOD) platform in french-speaking Africa.

Startup firms in Nigeria often eye listing on foreign market – the New York Stock Exchange (NYSE) – due to their attractive nature. e-commerce plaform had earlier this year listed on the NYSE, becoming the first African startup to do so.

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