Ooredoo Maldives makes stock available for public
Ooredoo announced its plans to prepare for an IPO in October 2016
From Oordoo's event to announcedthe IPO preview
Ooredoo Maldives has made its stock available to the public after having announced its IPO (Initial Public Offering) last month.
The telecommunication provider’s stock was made available on Sunday.
At each stock priced at MVR 30, Ooredoo made 15 percent of the company available to the public. If any investor wants to buy more, they have the opportunity to acquire up to 40 percent. This is a total of over 59 million shares.
oredoo announced its plans to prepare for an IPO after its initial signing with the stock exchange in October 2016. Its equity is open to the Maldivian public, foreigners, as well international institutional organizations.
A prospectus and valuation of the company is available at its website.
Ooredoo Maldives’ Qatari parent company raked in USD 9.1 billion in 2014.
