Bonglob.com will officially begin trading at $12 (£14) per share on november 2013 in what will be the biggest IPO ever from an internet company from Tanzania east Africa.
After a very short time of the social network to be online it have come to attention that the site have over 2 million user in a day and new members over 3000 per day. This have come to attention Mr James Obedi
The CEO himself, who founded the company in his house in reading united kingdom, is expected to become an instant billionaire, selling over 10m shares to net over $1bn (£300m).
The $12 shares, which will be available to buy to the public, will see the company valued at a staggering $84 billion (£33bn) overall, with $31 (£41bn) market capitalisation.