MTN PUBLIC LISTING: IPO to double size of securities exchange
Potential investors in MTN will have to wait for another five days to learn about the exact breakdown of the company’s share offer besides, soon listing 20% of its shareholding on the USE, after receiving regulatory approvals. While announcing officially the intent to float shares, the South African based telecom has revealed that on the 11th of October the prospectus will be unveiled. The IPO is expected to raise about 1.2bn dollars according to the capital market authority and will make MTN Uganda the second publicly traded telecom in the region after Safaricom’s IPO on the Nairobi Securities Exchange in 2008.
