MTN Nigeria will likely Move IPO to 2019, after Elections
MTN Nigeria was to list on the Nigerian Stock Exchange in 2017. It was later moved to 2018. I have done my research as we wait the prospectus of the initial public offering. But when that did not happen before June 2018, my conclusion is that MTN Nigeria would not list on NSE in 2018.
It is simple – doing so would be carelessness when a presidential election is on the horizon. Elections in Africa typically bring uncertainties, triggering devaluations of equities across markets. So, for MTN Nigeria, I do think the strategists would move this IPO to Q2 2019 to happen after the election.
If I am advising them, that would be the first point on slide. Going public in 2018 will cost you 15%-20% because of the looming presidential election in Nigeria which will depress international & Nigerian diaspora interests.
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