Hundreds of people turn up for the Fortportal townhall organised by MTN to encourage Ugandans to participate in its IPO
mTN Uganda has held a town hall gathering with the view of educating the people of FortPortal about its IPO, in order to encourage them to participate. The town hall is one of a series of similar engagements facilitated by the MTN leadership team and brokers from SBG Securities and Crested capital.
- MTN Uganda is offering 4.5billion shares (20% of its company stake) on the Uganda Securities Exchange, targeting 200,000 individual investors who can apply for the offer shares using the m-IPO portal on their phones.
- The offer opened on Monday 11th October 2021 and will close on Monday 22nd November 2021. Investors can apply for shares for as low as UGX100,000
Thursday, 28th October 2021- Fort Portal, Western Uganda: MTN Uganda together with senior broker representatives from SBG Securities and Crested capital has carried out a massive sensitization campaign in Western Uganda pioneered in Fort Portal City, to create awareness and provide vital information about the MTN offer of shares and the stock market to communities in the area. This is in an effort to arm the public with requisite information to enable them participate in the ongoing IPO.
An IPO is the process of offering shares of a private corporation to the public for the first time.