Delight as MTN Uganda lists on stock market

About 21,394 people in Uganda have become shareholders in MTN Uganda following the conclusion of the company’s Initial Public Offer (IPO). PHOTO/ FILE

What you need to know:

  • MTN Uganda was listed on the Uganda Securities Exchange (USE) having raised Shs535.9b (or $151m) from its IPO.
  • MTN Uganda is a leading telecoms company in Uganda and has a presence in all the country’s 135 districts. 

About 21,394 people in Uganda have become shareholders in MTN Uganda following the conclusion of the company’s Initial Public Offer (IPO).
MTN Uganda was yesterday listed on the Uganda Securities Exchange (USE) having raised Shs535.9b (or $151m) from its IPO. This represents 60 percent of its target amount after it launched its IPO in October, pricing 4.5 billion shares on sale at Shs200 apiece.

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