On August 4, 2015, Addmaya, the Ugandan creative shop specializing in brand identity, promos, commercials, documentaries and graphics design across different media platforms will take its company public via IPO.
The Ugandan company announced through its social media accounts the decision to declare an IPO while touting the hashtag #AddmayaIPO. On the company’s twitter account is a message –
No turning back. #addmayaIPO #Tuesday4Aug pic.twitter.com/rNFKRsvF8h
— Addmaya (@addmaya) July 30, 2015
Addmaya will be the first fully privately-owned Ugandan startup company to list for an IPO. Specific details about the IPO are still scanty at the moment, but the company is poised to list on Uganda Securities Exchange (USE) for an unknown valuation.
The IPO should go up on Tuesday August 4, 2015.
You can read the full story and more about Addmaya here.
Update: Rumors of Addmaya going public were gravely exaggerated, people. The creative shop played with words, planting suggestive messages on their social media channels. Apparently AddmayaIPO means Addmaya Improved Portfolio Online. Disappointing, I know.
Photo Credit: Heating Oil via Compfight cc
