The Cable NG
MTN Nigeria shares public offer is closing today December 14, 2021, at 5 pm. The offer, which is the first from any of the big telcos in Nigeria, has been on since December 1, 2021, with the aim of deepening retail participation in the Nigerian stock market.
Before the closure of the first public offer, TheCable takes a quick look at how MTN shares have fared over the past 29 months on the Nigerian bourse.
MTN’s listing was consummated by the introduction of 20,354,513,050 ordinary shares of MTN Nigeria at a listing price of N90.00 per share.
Oscar Onyema, the Group CEO of the Nigerian Exchange Group (NGX), said at the time that “today’s listing is a promising development in the country’s telecommunications sector and we encourage other players in the sector to explore the different opportunities in the capital markets for raising long term capital.
“This listing will promote liquidity for MTN Nigeria, enhance its value and increase transparency, as our platform remains one of the best avenues for raising capital and enabling sustainable…
