Mobile operator plans largest ever IPO in Bangladesh

Grameenphone's $150 million IPO could be the deal that brings more international investors to the country, analysts say.

The board of Grameenphone, Bangladesh's largest mobile phone operator, has approved a plan to go forward with a share sale that could raise as much as $300 million. It will make a formal filing with the countryÆs Securities and Exchange Commission before the end of July and market observers say a listing could be completed in two to three months.

Half the deal will be sold through an initial public offering on the Dhaka Stock Exchange and the Chittagong Stock...

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