I&M Bank headquarters in Kigali. The bank's stocks started trading on March 31 after its IPO registered a 209 per cent subscription. PHOTO | CYRIL NDEGEYA
I&M Bank Rwanda’s stock has continued to trade above the offer price, gaining 21 per cent value from Rwf90 ($0.11) to reach Rwf109 ($0.13) on its 20th day of trading on the Rwanda stock Exchange (RSE).
The share price’s steady upward movement after a slow start in the first two weeks of April follows demand by buyers seeking a slice of the lender on the secondary market.
