MTN COMMENCES SALE OF SHARES

Earlier this week, MTN launched its first mobile money-based IPO in Ghana. The Offer comprises 4.6 billion ordinary shares representing 35 percent of MTN Ghana’s issued shares post Offer. However, up to 2.5 billion of the Shares will be new MTN Ghana Shares while another 2.2 billion Shares are from existing shareholders who are selling their shareholding to aspiring investors.
What this means is that from now until the 31st of July, every Ghanaian has the opportunity to own shares in the company. Each share is priced at GHC 0.75 and must be purchased in multiples of 10, with a minimum subscription of GHC 7.50.
Like I said, the shares can be bought through:
Mobile money using MTN Momo Wallet which can be activated by dialing *170# and selecting option 7.
MTN’s website—
www.mtnghanashares.com ,
Or by buying through selected MTN Ghana branches, IC Securities (Ghana) Ltd, any of MTN’s selected banks or any licensed stockbroker of the Ghana Stock Exchange.
Now, the number one question most Nigerians are probably asking is:
According to reports, in March, MTN first started looking at options to list its business as part of a larger $5.2 billion IPO, at that time, MTN was hoping to raise at least $400 million to help reduce its Telco debt. But new reports have it that MTN is setting out the details of its proposed Nigeria Initial Public Offering (IPO) for a speculated $500 million. No words on when it would go public.
So, do you plan on buying shares from MTN?