JPMorgan Chase is having one of its busiest years yet for African companies looking to trade their shares in both London and local equity markets such as the JSE. The New York-based investment bank had seen interest from at least six companies considering dual listings, said Barry Meyers, the head of JPMorgan’s UK capital markets and sub-Saharan Africa business. The queries come amid a $2.7bn share sale by Vivo Energy in May in London’s largest initial public offering (IPO) this year, with the stock of the pan-African seller of fuels and lubricants also trading in Johannesburg. "The market wants high-growth, and it’s hard to get that at the moment in the UK and Europe," spurring increased investor demand for assets in SA and the rest of the continent, Meyers said by phone. "That’s why these emerging-market deals are becoming more prevalent. Dual listings could become a bit of a trend." JPMorgan joins Citigroup and Deutsche Bank seeing a bigger pipeline of deals as economies across t...

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