FROM THE LUSAKA SECURITIES EXCHANGE

MARKET UPDATE: DOT COM ZAMBIA PLC IPO SUCCESSFULLY SUBSCRIBED

The Lusaka Securities Exchange (LuSE) wishes to advise the market that the Offer Period for the Dot Com Initial Public Offering (IPO) successfully concluded on Friday, 5th December 2025, closing one week ahead of schedule as the offer was oversubscribed by 114 times. The offer saw significant retail participation with over 500 new shareholders, with 95% of applicants being Zambian individuals.

The strong oversubscription witnessed in the IPO is a clear and compelling signal that investors are increasingly ready to back credible, well-structured SMEs in Zambia. It demonstrates growing confidence in the entrepreneurial sector and affirms that, when provided with transparent disclosures, solid governance, and a compelling growth story, investors are willing to deploy capital into emerging businesses. This response further dispels the long-held perception that local investors shy away from SME opportunities; on the contrary, the appetite is evident, and the market is actively seeking investable enterprises with strong fundamentals.

For the LuSE, this outcome is equally transformative. It strengthens the Exchange’s role as a viable platform for capital raising by smaller and growing enterprises, demonstrating that the market infrastructure can successfully channel savings into productive investments. Such successes enhance LuSE’s credibility, attract more prospective issuers, and build momentum for future listings, particularly on the alternative market. Ultimately, it contributes to deepening the capital markets ecosystem, widening participation, and reinforcing LuSE’s strategic mandate to support Zambia’s economic growth.

Following the close of the Offer Period, reconciliations are currently being undertaken by key stakeholders, including the Broker, Transfer Secretary, Custodian Bank, and the Lusaka Clearing and Settlement Agency (LCSA). Upon completion of these reconciliations, secondary market trading of Dot Com shares is expected to commence on Wednesday, 17th December 2025.

The Exchange will continue to update stakeholders on further developments.

Nicholas Kabaso
Chief Executive Officer
Email: info@luse.co.zm

See our earlier story giving the background to this Zambian tech company and its IPO, which was initially scheduled to run from 27 November to 12 December.