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 countryƆs 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...

To continue reading, please login or register for free

Click for more on: ipo | bangladesh | citi

Print Edition

FinanceAsia Print Edition