MTN Ghana IPO launched, aims to raise nearly $750 million
MTN launched and Initial Public Offering today, offering for a 35% stake in its Ghana unit, which it hopes will raise 3.47 billion cedis ($743 million).
1M | 3M | YTD | 1Y | 2Y |
+7.06% | +6.92% | +48.69% | +45.65% | +88.99% |
Value Traded (GHS) 590,430.17 |
Volume 281,463 |
Transactions - |
Market Cap. (Mln GHS) 94,162.28 |
MTN launched and Initial Public Offering today, offering for a 35% stake in its Ghana unit, which it hopes will raise 3.47 billion cedis ($743 million).
Ghanaians can from tomorrow, Tuesday, May 29, own shares of telecom giant MTN.
The second week of May trading on the Ghana Stock Exchange (GSE) opened on a good note as volumes increased considerably following a block trade of GH¢110.9 million in Anglogold Ashanti. This pushed up the benchmark GSE-Composite Index by 0.2 per cent to close at 3,485.8 points, Nordea Capital Investment Stock Expert analysis obtained by the Ghana News Agency in Accra on Tuesday revealed.
Fidelity Bank Limited plans to list its shares for trading on the country’s bourse by 2020 as it targets a spot among the largest three banks in Ghana.