How Much Will Kenyans Need to Pay for MTN Uganda’s Free IPO Shares?

How Much Will Kenyans Need to Pay for MTN Uganda’s Free IPO Shares?

ByTechTrends

MTN Uganda is offering free shares to Kenyan investors in a bid to motivate them in buying stocks in the telecom firm. MTN Uganda yesterday opened an initial public offering (IPO) at $250-million yesterday. South Africa’s MTN Group is currently selling 4.47 billion shares in its Ugandan arm at a price of Ksh6.20 ($0.056) per…

MTN Uganda is planning a $1.2 billion initial public offering

MTN Uganda is planning a $1.2 billion initial public offering

ByTechTrends

According to Keith Kalyegira, Chief Executive Officer of the Capital Markets Authority, the initial public offering (IPO) of telecommunications company MTN Uganda is expected to raise approximately $1.2 billion. MTN Uganda has previously announced that it had received approval to float 20% of its stock. MTN Uganda intends to launch an initial public offering (IPO) and list on…