Airtel Malawi has announced that its Initial Public Offering (IPO) has been oversubscribed by 34% and the overallotment allocated to prospective shareholders
“All ordinary shares offered in the IPO have been fully subscribed,” Managing Director Charles Kamoto of Airtel Malawi said said, adding that the total number of shares offered was 2.2 billion, equivalent to 20 percent of shares outstanding.
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