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Continental Holdings Plc (CHL) IPO pre-listing statement.
📌 The IPO at a glance
• Offer Price: MWK195 per share
• Shares on offer: 753.3 million shares
• Percentage being sold: 25% of the company
• Total IPO size: MWK146.9 billion
• Listing date: 3 August 2026
• Offer closes: 20 July 2026
📌What is Continental Holdings?
Continental Holdings is the holding company behind:
• CDH Investment Bank
• Continental Asset Management (CAM)
• Continental Capital (stockbroking)
• Continental Properties
• Continental Pension Services
• CDH Commodities
• Continental Asset Management Nominees
Its businesses span banking, fund management, stockbroking, pensions and property.
📌Forecast
Management expects:
• Profit after tax to grow to MWK80.7bn in 2026.
• Then to MWK130.1bn in 2027.
Those are ambitious forecasts and will ultimately depend on execution and market conditions.
📌Valuation
At the IPO price:
• Market Capitalisation: MWK587.6 billion
• P/E Ratio: 12.28x
• Price-to-Book: 7.73x
📌Dividend policy
CHL intends to distribute 30–50% of distributable profits as dividends.
If maintained:
• Interim dividend around October
• Final dividend around May each year.
📌Who owns the company after listing?
Indicative ownership:
• TransAfrica Holdings — 32.64%
• Public (new shareholders) — 25%
• Press Trust — 17.80%
• Employee Share Ownership Programme — 9.98%
• NICO Asset Managers — 6.07%
• MIG Ltd — 5.17%
• NBM Capital Markets — 2.60%
• CAM Nominees — 0.74%
⚠️ One important detail many people may miss
‼️This is an Offer for Sale, not a capital raise.‼️
That means the money raised from the IPO does not go into Continental Holdings. It goes to the selling shareholder, TransAfrica Holdings, which is reducing part of its stake while remaining the majority shareholder.
📌 Is the company growing?
Year Profit After Tax
2021 MWK5.4bn
2022 MWK8.4bn
2023 MWK11.4bn
2024 MWK24.5bn
2025 MWK47.9bn
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