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Wireless

MTN Group considers scrapping Nigerian IPO, may list existing shares instead

Tuesday 2 October 2018 | 11:27 CET | News
MTN Group, which is facing a combined USD 10 billion in claims from Nigerian authorities, said it may no longer seek to raise capital through an initial public offering (IPO) on the country's stock exchange, Bloomberg reported. The company is considering other options for trading its shares on the Lagos bourse, including a so-called listing by introduction, in which existing shares are listed, Chief Financial Officer Ralph Mupita told Bloomberg. 

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Categories: Mobile & Wireless
Companies: MTN / MTN Nigeria
Countries: Nigeria
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