Airtel Uganda Extends IPO Closing Date
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Oct 18, 2023 ·
1m 33s
Airtel Uganda has shifted the closing date for its initial public offering from October 13 to October 27. The company will begin trading its shares on November 7 instead of...
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Airtel Uganda has shifted the closing date for its initial public offering from October 13 to October 27.
The company will begin trading its shares on November 7 instead of the initial November 3.
Airtel is offering 20% of its total stock, 8 billion shares, on the main investment market segment of the Uganda Securities Exchange at Shs100 ($0.0269) per share.
Airtel opened its IPO for subscription on August 30, 2023, and was expected to close by October 13. T
he company expects to raise Shs800 billion which would value the telecom at Shs4 trillion.
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The company will begin trading its shares on November 7 instead of the initial November 3.
Airtel is offering 20% of its total stock, 8 billion shares, on the main investment market segment of the Uganda Securities Exchange at Shs100 ($0.0269) per share.
Airtel opened its IPO for subscription on August 30, 2023, and was expected to close by October 13. T
he company expects to raise Shs800 billion which would value the telecom at Shs4 trillion.
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