Gulu is poised to welcome MTN’s first public offering.
The MTN IPO Town hall sessions in Gulu follow a series of successful interactions in Kampala, Wakiso, Jinja, Kamuli, Iganga, Mbarara, Apach, Lira, and Fort Portal, among others.
Hundreds of people turned up for the MTN Initial Public Offer (IPO) town hall meetings at the Acholi Inn in Gulu last week, indicating that they are interested in investing in the major telecommunications company.
Similar IPO meetings are taking place in Masaka’s Tororo, Kyenjojo, Kiruhura, and Kalisizo, spearheaded by MTN’s executive team and its brokers, SBG Securities, Dyer & Blair, and Crested Capital.
The MTN IPO Town hall sessions in Gulu follow a series of successful interactions in Kampala, Wakiso, Jinja, Kamuli, Iganga, Mbarara, Apach, Lira, and Fort Portal, among others.
More The MTN leadership team, along with its brokers from SBG Securities, Crane Capital, and Dyer and Blair, will hold town hall events across the country before the IPO closes on Monday, November 22nd, 2021.
MTN Uganda Corporate Services General Manager Enid Edroma stated that the large awareness campaign aims to reach as many Ugandans as possible so that they can share ownership of the firm that they have supported for the past 23 years.
“Having many Ugandans own stakes in MTN will propel our agenda of shared growth between MTN and the people of Uganda, a country we call home, after 23 years in Uganda.” “We want Ugandans from all walks of life to join in this IPO because it will strengthen our link as our roots deepen in Uganda,” Edroma added.
Investors can become owners in MTN for as little as Shs 100,000, according to Edroma, with a share price of Shs 200 per share and a minimum investment requirement of 500 shares.
“Through its fair share price, MTN aims to further promote inclusion by allowing more Ugandans to participate in its IPO, thereby democratizing and bolstering the country’s financial markets,” he said.
The MTN Mobile IPO (m-IPO) is Uganda’s first digital portal, allowing members of the public to apply for shares using their phones at their leisure. There are no fees associated with utilizing the m-IPO website.
MTN’s dedication to ensuring inclusion and accessibility of services led to the launch of the m-IPO, which allows users to apply for shares in the company by dialing *165*65# using MTN Mobile Money.
The brokers, echoing Edroma’s message, urged the residents of Gulu to seek information, comprehend the possibilities and the hazards involved in the venture, and make informed judgments. The MTN prospectus is available to the general public at www.mtn.co.ug/investors.
Other traditional payment channels, in addition to the m-IPO, are available in Uganda through MTN service centers, Stanbic Bank, Absa Bank, and Standard Chartered Bank locations.
The MTN IPO began on Monday, October 11th, 2021, and will end on Monday, November 22nd, 2021.
