MTN to list on Thursday May 16   

May 15 (Lagos) - The shares of MTN Nigeria? Plc will be listed on the Premium Board of The Nigerian Stock Exchange on May 16 2019. 

The company will also address capital market stakeholders with a Facts Behind the Listing presentation.

The South African telecomms giant will be listing by introduction 20.3 billion units with face value of 2 kobo per unit. 

How is the Listing by Introduction different from IPO

IPO essentially is a method of listing new shares (financial assets of a company) while Listing by Introduction means that the company will allow shareholders to sell already existing shares or those already been listed on another exchange.

In essence, for the MTN listing no new shares will be issued and no additional funds will be raised but the telecoms firm will start trading on the Nigerian market. 

reporting for on Wednesday, May 15 2019 from Lagos, Nigeria
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