Kcell valued at over USD 2 bln in IPO

News Wireless Kazakhstan 29 NOV 2012
Kcell valued at over USD 2 bln in IPO
Kazakhstan mobile operator Kcell has priced its IPO at USD 10.50-13.00 per global depositary receipt. This gives the company a market capitalization of USD 2.1-2.6 billion. Pricing of the IPO is expected on 12 December, with trading in Almaty and London to begin the same day. The offering consists of a sale by TeliaSonera of 50 million shares, including the GDRs, representing 25 percent of Kcell's share capital. After the IPO, TeliaSonera's stake will fall to 61.9 percent.

Categories:

Mobile

Companies:

Telia,  Kcell

Countries:

Kazakhstan

Tags:

Shareholders & subsidiaries, Financial funding

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