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Access Bank Ghana, a subsidiary of Access Bank of Nigeria Plc, has officially launched an initial public offering (IPO) to raise at least 104 million cedis ($26.2 million) from prospective investors, according to a statement released on Monday.

The commencement of the IPO, which opens from October 19th and closes on November 11th, comes after the bank received approval from Ghana’s Securities and Exchange Commission and the Ghana Stock Exchange on the listing.

“There is the need to grow capacity to take advantage of the opportunities that have emerged from running successful operations in Ghana so far,” said Dolapo Ogundimu, Managing Director of Access Bank Ghana. “In addition, we are seeking to expand our operations by making new investments in branch expansion, robust technology and other infrastructure which will enable us fulfil our commitment to deliver superior banking services to our valued customers and stakeholders.”

The IPO represents about 19 percent stake in Access Bank Ghana and will be priced at 4 cedis per share. African Alliance Securities and Chapel Hill Denham Securities are acting as lead managers and sponsoring brokers for the offer.

Founded in 2009, Access Bank Ghana has 46 offices across the West African country. In 2015, the bank recorded revenues of 311.4 million cedis (about $78 million), pre-tax profit of 122.8 million cedis (about $31 million), and total assets of 2.4 billion cedis (about $600 million).