A unique digital channel will be available to retail investors for IPO subscription: the m-IPO portal, accessible via USSD and via the MyMTN App. Traditional payment channels will also be available across Uganda at Stanbic Bank, Absa Bank, and Standard Chartered Bank branches and authorized selling agents.
In Kenya, those keen to participate in the MTN IPO can be able to do so through Dyer and Blair and this evening they will be joining me on our Twitter Space on @SokoAnalyst to discuss this IPO in detail.
The IPO includes a broad share incentive scheme and Ugandan retail investors, in particular, using the M-IPO channel are eligible to receive 10 additional incentive shares for every 100 shares applied for and allocated in the IPO.
Following the successful completion of the offer, the company will list its entire ordinary share capital on the Main Investment Market Segment of the USE. This will meet the requirements of MTN Uganda’s license, which requires its listing by the end-June 2022.
MTN Uganda started operating in 1998. In the first half of 2021, it had 14.9 million subscribers, 8.6 million Mobile Money users, and 4.7 million active data users. MTN Uganda, for me, I am just loving how the fundamentals are really tempting me.
For more; Read all about it here
Uganda has serious potential to grow into a business hub for the region and this is why this MTN IPO is a good way to activate that beast mode for the country and to get them roaring to success.
How can I invest in Uganda shares; As an investor wishing to buy shares through the USE, you must approach your stock broker and express your desire to buy shares of a given listed company.
Here is the whole thread:
To all who have been asking me where to invest, well @mtnug has presented us with an amazing opportunity to invest & make some money as we recover from the COVID-19 economic meltdown. Here is why you need to invest in #MTNIPO #Thread
— SokoAnalyst (@SokoAnalyst) November 19, 2021