Amalgamated Brands targets US$20m VFEX IPO

AMALGAMATED Brands (AB) is seeks to raise US$5 million in fresh capital through a US$20 mil­lion initial public offering (IPO) on the Victoria Falls Stock Ex­change (VFEX). The group is betting on expand­ed manufacturing capacity to sus­tain earnings growth and strength­en its position in the fast-moving consumer goods market. The group, which owns estab­lished brands…