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When Is MTN Coming To The Stock Market?

I heard MTN is coming to the market,

How true is it?

And when ?

For how much?

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20 answers

My business phone is Glo.

Why look for MTN when Mtel (Transcorp) is there ?

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If poverty is ur case, sorry i understand. u are not alone, this is Nigeria. However, that is enough reason to air erroneous views and opinion in public. An IPO from MTN will not be priced based on the share price of MTN in the JSE or any other stock market. The price a company comes to market is determined by their value in the market they want to raise the funds from and not their value elsewhere.

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Seun , is it not time to ban this spammer from the forum ? he been posting this poo all over the wrong threads .

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I think this makes a lot of sense.

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then let them raise 500 million dollars from Nigerians or even one billion dollars , then they may raise the rest from the banks , i don't really think they need anyone to co own the company with them , not even the people in who's country they operate .

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Talking of the depth of the nigerian stockmarket,this market cannot take any share that will come out for over 260naira($2)per share.

An I.P.O by MTN may not be priced below 500naira per share considering that MTN's current share price is R113.55(about $17)

Who will pay 2000naira per share for this Naija?

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This is why i love indians , they always have this sort of clauses with every foreign company that comes to do business in their country , but then i don't think its yet late, policies can still be formulated to address that .

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MTN in the Nigerian stock market? I doubt if it'd happen anytime soon.

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Hmmm, can\'t wait to invest there when they comes, but there services are too poor these days.

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well lets think of this.

1 MTN is said to post 800 million dollars as dividend to thier south african parent company last year from nigeria. that to me is a major capital flight, from nigeria.

2. yes the nigerian stock market is deep enough to swallow dangote, then why cant it swallow MTN. at least banks will underwrite 80% of the issue, the average capital base of a nigerian bank is 44 billion naira.

3. GLO is a private company and it will come to the market when ETB stops funding them.

4. MTN problems lies with Obasanjo. when he was granting them licenses he didnt keep a cluase that they should get quoted on the NSE, if he had then they would have plans to do so.

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I think we get so many things wrong. Because quite a number of us are making so much money from the stock market, we are now assuming every company would want you to come make money through them. Why raise money from the market when we can acquire a huge loan(the interest notwithstanding) - At least for a VERY definitely profitable company like MTN, the owners still have the bulk of the profit in their pocket: what makes you think anyone would want to share that with you. Even if so many people do, such company would definitely not have South African connections.

Look around and see how South Africans do business. I recommend DSTV as a case study!

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ahaaaaa M.T.N -M[/b]ost [b]T[/b]errible [b]N[/b]etwork

shares KE?

l go [b]DELETE from 9ja if they sell

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@josho

'''The Nigerian capital market is not deep enough for MTN. Try computing 25% of MTN, and consider if the market is deep enough to absorb,

I can understand MTN not wanting to 'share' with Nigeria, but what about our very own globalcom, owned by just a few people? At least MTN is listed in SA.'''

It's a shame that u think the NSE is not deep enough for MTN, u've surely been ill-advised and u owe us an apology.

I support u on the Globalcom issue, but do they need funds? do u think companies go public to share their profit with us? think again.

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Your knowledge of the Nigerian stock market is at best basic. That is why you u posted your limited opinion. Get more information.

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I wonder if that would be happening in the near future seeing that they have just obtained a historically large loan to invest in the business. We will just have to wait and see.

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I wish they'd hurry up!

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I can't see this happening because most of these foreign Companies don't want any strings attached to Nigeria. Probably because of our unstable Govt. (eventhough, our economy is very lucrative for them).

All they do is change their profits into Dollars and remit to anywhere BUT Nigeria. If you've ever worked or you're working in any of these Companies you'll understand what I'm saying.

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It is not compulsory for a company to come on the Stock Market. Companies would usually do so to raise finance and it is usually the last option as it is time consuming and expensive. Don't be deceive coming to the Stock Market is not primarily to share the profit with you but to raise cash from you

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The Nigerian capital market is not deep enough for MTN. Try computing 25% of MTN, and consider if the market is deep enough to absorb,

I can understand MTN not wanting to 'share' with Nigeria, but what about our very own globalcom, owned by just a few people? At least MTN is listed in SA.

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it isn't possible.d white guys will not allow we nigerians enjoy out of d profit they 've made from us.so 4get about it.it's not happenin.

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