By Kofi Ahovi The Initial Public Offer (IPO) of Ecobank Transnational Incorporation (ETI), which started on August 25 and was supposed to have ended last Friday, has been extended to October 31st 2008. The extension affects all the other countries where the share is on offer. Speaking to Business week the Corporate Affairs Manager of Ecobank, Rammy Baite, explained that the offer was extended because of certain delays in other African countries where the sale is currently ongoing. According to him, Liberia only received its approval barely a week ago from its capital market regulators, adding that holidays in some of the offer countries may have hampering the sale of shares of the transnational bank as initially scheduled. Usually these extensions are due to low patronage and under-subscription of share offers, but Baite have denounced this assertion. ETI, a pan African bank aims at raising US$2.5 billion combined Rights Issue and Public Offer after the Board of Directors of the ban...