Airtel Africa expects London IPO to be priced between 80-100 pence share
Reuters
Published Jun 17, 2019 07:38
Airtel Africa expects London IPO to be priced between 80-100 pence share
(Reuters) - Airtel Africa Ltd
The IPO is expected to raise 595 million pounds from the issuance of about 595.2 million to 744 million new shares.
The company said the price range values it between 3.01 billion pounds and 3.62 billion pounds at the price range.
Airtel Africa also said it intends to list its shares on the Nigerian Stock Exchange at the same time as the London listing.
The company said conditional dealings in its shares are expected to begin on or around June 28 and the final pricing will be announced the same day.
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Written By: Reuters
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