(Bloomberg) MTN Uganda Ltd. shares climbed as much as 2.5% in their debut on the Uganda Securities Exchange after an initial public offering that was undersubscribed by 35%.
MTN raised 535.9 billion shillings ($150.
(Bloomberg) MTN Group Ltd. said the initial public offering of its Ugandan unit raised 535.94 billion shillings ($150.2 million), less than two-thirds of its target.
At least 2.9 billion shares were allotted out of the 4.5 billion shares that were offered, Kampala-based MTN Uganda Ltd.
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