Grameenphone to raise IPO worth $300 million (Bangladesh)
Grameenphone, Bangladesh’s biggest mobile operator, has approved plans for the country’s largest initial public offering. Grameenphone,62 percent owned by Telenor and 38 percent owned by local Grameen Telecom, is expected to apply to list on the country’s two main stock exchanges by the end of the month.
It plans to raise 300 million dollars through the IPO, half by floating shares on the Dhaka and Chittagong bourses and the other half by selling pre-IPO shares.
