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Wireless

MTN Ghana raises IPO target to GHC 3.48 bln

Monday 26 March 2018 | 09:25 CET | News
MTN Ghana has lifted its target for its initial public offering (IPO) by more than a half to GHC 3.48 billion, according to Bloomberg. MTN is preparing to list a 35 percent stake in its Ghanaian business on the local stock exchange, valuing the unit at about USD 2.2 billion. The bourse had estimated the value of the stake at about GHC 2 billion in February but this has been raised after a new valuation of the company, said sources who asked not to be identified because they are not authorised to speak publicly about the matter. 

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Categories: Mobile & Wireless
Companies: MTN Ghana
Countries: Ghana
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