Kcell reveals details of December IPO

29 November 2012

Kazakhstan’s largest mobile operator, Kcell, expects its IPO to raise between $525 and $650 million when it floats 25% of its shares next month.

The operator is hoping for strong investor interest after a disappointing debut listing from Russian operator MegaFon this week.

The London and Almaty listing has a price range of $10.50 to $13.00 per global depositary receipt indicating a lower value than when TeliaSonera paid $1.52 billion for a 49% stake in Kcell in February.

Kcell said...

Topics: Kcell, IPO, Kazakhstan, shares, TeliaSonera