Tag: MTN IPO
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Bearish stock market performance to end after MTN IPO
Stock market analysts are projecting that the current distortions on the local bourse may continue until such a time that MTN completes its Initial Public Offering (IPO). The stock market’s performance has seen a dip for the past couple of weeks which is affecting trading activities. Some have blamed the development on the massive nature…
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MTN targets GH¢3.47 billion from IPO
MTN is seeking to raise 3.478 billion cedis as it launches its Initial Public Offering (IPO). By this, MTN will cede at least thirty-five percent access to the general public to own a stake in its operations. The move is also aimed at fulfilling regulatory obligation regarding the purchase of one of the 4G spectrum…
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MTN launches IPO next Tuesday
MTN will launch its Initial Public Offering (IPO) next week Tuesday, May 29, 2018. The exercise is to allow the public access to own a part of the telecom company. Following the completion of the process, the public will have access to thirty-five percent ownership in MTN. The decision to allow public ownership, forms part…
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MTN’s $787m IPO to boost local investment market
Investment analysts are hopeful of a boost in investments on the stock market with MTN’s 787 million dollars Initial Public Offer (IPO). In their view, the telecom company’s presence should attract more investors and grow the access to funds. The comments follow MTN’s announcement of reviewing upwards, its target for the IPO. The telecom operator…
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MTN raises IPO target to $787m
MTN has lifted its target for an upcoming initial public offering(IPO) by more than a half to 3.48 billion cedis ($787 million), according Bloomberg. Africa’s biggest mobile-phone company by subscribers is preparing to list a 35 percent stake in its Ghanaian business on the local stock exchange, valuing the unit at about $2.2 billion. While…