MATAV launches IPO to raise $1.2bn
Article Abstract:
Hungarian national telecommunications concern MATAV is to hold an initial public offer (IPO) from Oct 27, 1997, to Nov 12, 1997. This could place up to 27% of the company with retail and institutional investors. Some 188 million shares, representing 18% of the company, will initially be available to international institutions. Retail investors will initially be offered 20.7 million shares, but if there is strong demand this could be increased to 62.2 million shares.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1997
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China Telecom's IPO flops on debut
Article Abstract:
The $4 billion initial public offering (IPO) of China Telecom, sponsored by Goldman Sachs and China International Capital Corp, has proved disappointing. When trading began on Oct 23, 1997, the share price fell 10% under the issue price of $1.51. The IPO was negatively affected by the overall decline in the Hong Kong stock market and by difficulties over the involvement of China Telecom with Cable and Wireless.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
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