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Bridge Bank Group Côte d'Ivoire begins trading on West Africa's regional stock exchange on Wednesday, Sept. 24, under the ticker BBGC.
The shares join the main compartment of the BRVM's equity market at a reference price of 6,750 CFA francs, about $12, the price set in the public offering. The exchange confirmed the admission in notice number 263-2026/BRVM/DG, published on Sept. 8. Where the stock opens will be settled by matching buy and sell orders.
Demand ran well ahead of supply. The offer drew 95.8 billion CFA francs of orders against the 67.5 billion francs of shares available, about 1.4 times what was on sale, and brought 17,544 new investors onto the register. Subscriptions opened on July 20 and closed early.
At the offer price the bank is worth 337.5 billion CFA francs, roughly $600 million.
The seller was not the bank. Bridge Group West Africa, the financial arm of Yerim Sow's Teyliom Group and the direct shareholder in the lender, sold a fifth of the capital, which means the roughly $120 million raised goes to the holding company rather than into Bridge Bank's balance sheet. Sow sold nothing in his own name. Bridge Group West Africa held about 77% before the sale, with Côte d'Ivoire's state social security fund, the Caisse Nationale de Prévoyance Sociale, holding around 20%.
Bridge Bank becomes the 16th bank and the 48th company listed on the BRVM, which serves the eight members of the West African Economic and Monetary Union.
The money is meant to support regional expansion, digital investment and lending to businesses. Bridge Bank already operates in Côte d'Ivoire and Senegal, entered Mali in 2024, plans to open in Guinea in January 2027 and has sought approval in Burkina Faso. Its net profit rose from about 10.8 billion CFA francs in 2020 to nearly 19.8 billion in 2023.
Sow founded the bank in Abidjan in 2006 with Pape Diouf, and took a stake in African Financial Holding, which became BOA Group, the same year. Teyliom now spans dozens of companies across banking, property, hospitality and industry.
Bridge Securities arranged the offering.
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