Business
Airtel Africa lists in Nigeria
Wednesday, July 10, 2019
Airtel Africa has completed its listing on the Nigerian Stock Exchange, in a flotation that valued the mobile operator at ₦1.36 trillion (US$4.4 billion). This makes the bourse’s 3rd-largest stock by market capitalization, Reuters reported.
Airtel offered shares in its African unit 2 weeks ago via a London IPO and said it would dual list in Nigeria, its biggest market in Africa. It listed the shares at ₦363 (US$1.12) each in Lagos.
Source: Telecom Paper