Tuesday, 23 January 2018

Kazakhstan's Kcell prepares for London listing

By Mary Lennighan, Total Telecom
Thursday 29 November 12

Mobile operator sets price range of $10.50-$13.00, valuing company at significantly less than shareholder TeliaSonera paid for its stake.

Kcell on Thursday announced that shares offered in its forthcoming London IPO will be priced at US$10.50-$13, raising questions over the amount shareholder TeliaSonera paid for its stake earlier this year. The Kazakhstan mobile operator will offer 25% of its stock on the London Stock Exchange and on Kazakhstan's KASE in December…

Kcell on Thursday announced that shares offered in its forthcoming London IPO will be priced at US$10.50-$13, raising questions over the amount shareholder TeliaSonera paid for its stake earlier this year. The Kazakhstan mobile operator will offer 25% of its stock on the London Stock Exchange and on Kazakhstan's KASE in December…

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