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A telecom tower company, partially owned by MTN, offers $ 21 per common stock for listing on the NYSE.

IHS Towers, a company partially owned by MTN, enters the NYSE

IHS Towers, 29% owned by MTN, announced that it will be offered $ 21.00 per 18 million common shares at its initial public offering (IPO) on the New York Stock Exchange starting Thursday. ..

Independent organizations operating in sub-Saharan Africa, including Nigeria, Zambia, Côte d’Ivoire, Cameroon and Rwanda, are said to be one of the largest independent owners, operators and developers of shared communications infrastructure in the world. ..

The offer will end on Monday, October 18, 2021, and the initial public offering price will be $ 21.00 per share.

MTN will hold 85 176 719 shares of common stock after the IPO.

According to the latest IHS Towers financial statements for the second quarter of 2021, revenues increased 21.2% to $ 402 million, primarily driven by organic growth.

In response to the news, JSE’s MTN stock surged nearly 1% to R142.36 in early morning trading.

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A telecom tower company, partially owned by MTN, offers $ 21 per common stock for listing on the NYSE.

Source link A telecom tower company, partially owned by MTN, offers $ 21 per common stock for listing on the NYSE.

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