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Wireless

NSE responds to concerns about illiquidity of MTN Nigeria shares following listing

Wednesday 22 May 2019 | 12:40 CET | News
The Nigerian Stock Exchange (NSE) has responded to concerns regarding the listing by introduction of MTN Nigerian on the bourse, especially the unavailability of the stock for trading. The NSE stated that listing by introduction implied that no shares have been issued by the company, and consequently, "without any intervention, it is possible that there will be no shares available for trading on the listing date". It said this is different from a listing after an Initial Public Offering, when the shares become available for trading on the day of listing.

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