Emmanuel Ojukwu
African fintech unicorn Flutterwave is strategically preparing for its anticipated Initial Public Offering (IPO) listing.
The company has implemented substantial changes to its corporate team, revealed by its CEO, Olugbenga ‘GB’ Agboola, during the Semafor World Economic Summit.
Mr. Agboola articulated Flutterwave’s aspirations for a public offering as a pivotal component of its future agenda.
He said,
“Right now our goal is to be IPO-ready, ensuring we have the right corporate governance in place, making sure we are operating well. We want to be a long-term company in Africa, for Africa and so the goal is building the right infrastructure to be here for the next ten-plus years.”
Key among the company’s milestones for being IPO-ready are recent hires, which includes a new board chair, two independent directors, and experienced executives to fill roles needed to translate tech speak for regulators, Agboola said.
It remains unclear what timeline Flutterwave has for an IPO. However, by preparing for an IPO, this strategic move underscores Flutterwave’s confidence in its business model, market potential, and long-term growth prospects. It also signals its commitment to transparency, governance, and accountability, which are essential for public companies.
Having endured several challenges over the past few years, the fintech company is focused on improving communications and active engagement with African regulators, who have been doing a lot of listening in the last two years.
