Mtn ghana to raise nearly 750m in ipo
You're referring to the upcoming Initial Public Offering (IPO) of MTN Ghana, a leading telecommunications company in Ghana.
According to reports, MTN Ghana is planning to raise nearly GH¢750 million (approximately $130 million USD) through its IPO, which is expected to be one of the largest in Ghana's history. The IPO is expected to list on the Ghana Stock Exchange (GSE) and will provide an opportunity for local and international investors to own shares in the company.
Here are some key details about the IPO:
- Number of shares: MTN Ghana plans to issue approximately 1.2 billion shares, representing about 20% of its total issued share capital.
- Offer price: The offer price per share is expected to be around GH¢0.60 (approximately $0.10 USD).
- Listing: The company plans to list on the GSE's main market, which is expected to increase liquidity and provide a platform for investors to trade shares.
- Use of proceeds: The company plans to use the proceeds from the IPO to reduce its debt, invest in its network infrastructure, and expand its services.
The IPO is expected to be a significant milestone for MTN Ghana, as it will provide the company with additional capital to drive its growth strategy and expand its services to more customers. It will also provide an opportunity for local and international investors to participate in the growth of the company.
Please note that the IPO details are subject to change, and investors should consult with a financial advisor or conduct their own research before making any investment decisions.