Investment bankers and buy-side analysts confirmed that MTN Nigeria’s much awaited listing on the Nigerian Stock Exchange will happen this Thursday, two days from now.
They say offers have been flying in from investors looking to take position in the stock of what would be the largest listed company in Nigeria by revenue.
“We are getting many requests from investors asking to be kept informed of opportunities for retail clients to partake in the listing by introduction arises,” a buy-side analyst at a Lagos-based investment bank told BusinessDay.
“We assured that we will guide them accordingly before and after the process is completed Thursday,” the person who was not authorised to speak said.
MTN Nigeria will be doing a listing by introduction which unlike an Initial Public Offer (IPO) means the company has already raised capital prior to the listing.
This means the chances of retail participation will depend on if there are any existing shareholders that are willing to sell.