Ugandan telecom Airtel Uganda is set to float its shares in the Uganda Securities Exchange. On Tuesday, the telecom company revealed how much each share will cost at a breakfast event held at Sheraton Kampala

What we know so far

When does the Airtel IPO offer open

The Airtel IPO offer opens on 30th August 2023 at 10:00AM and will close on 13th October 2023 at 4:00PM.

How much will Airtel Uganda shares cost

Each Airtel Uganda share will be floated at 100 Ush,

When will the announcement for share allocation take place

An announcement of share allocations for the Airtel IPO will be made on 30th October 2023 at 4:00 PM

Who are the brokers handling the Airtel Uganda IPO

Absa Bank Uganda Ltd. is the lead transaction adviser to the IPO, while Crested Capital is the lead sponsoring broker.

What is an IPO

An IPO, or Initial Public Offering, is a highly regulated process by which a private company offers its shares to the public for the first time, effectively becoming a publicly traded company.