Asiacell to go Public in Early 2013

By John Lee.

The Iraq Stock Exchange says that Iraqi telecom operator Asiacell will start publicly trading its shares as of 3rd February.

Associated Press also report that it will be the first stock float since the reign of Saddam Hussein.

An Initial Public Offering (IPO) of 25 percent of the company’s shares will take place from 3rd January to 2nd February, and that the share price must be determined by 25th December.

Asiacell is an affiliate to Qatar Telecommunications.

(Source: Associated Press)

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