Telecommunication giants, MTN Ghana, has announced the closure of its Initial Public Share Offer (IPO), launched in May, to sell up to 4,637,394,533 ordinary shares, representing 35% of MTN Ghana.
The two-month offer period ended on Tuesday, 31st July 2018. Following the closure of the IPO, the applications received are currently being reviewed and collated for allotments to commence.
In a statement to officially announce the closure, CEO of MTN Ghana, Selorm Adadevoh expressed appreciation to Ghanaians who showed interest while assuring prospective owners of the company’s “commitment to work closely with them.”
In his words, “We are happy about the uptake of shares by a broad number of Ghanaians who took advantage of the various avenues provided, especially the MoMo Service to apply for shares. I am particularly excited about the fact that the MoMo Service paved the way for people in urban and rural communities to apply for shares”.
