This week Vodacom Tanzania completed the largest initial public offering ever seen on the Dar es Salaam Stock Exchange (DSE) in its 19 years of existence.
Vodacom raised $219 million for the listing, becoming the first to comply with new regulatory changes requiring telecoms companies in the country to list at least 25 percent on the Dar es Salaam Stock Exchange, according to TechCentral.
The South African telecoms giant is listed on the Main Investment Market Segment of the Dar es Salaam Stock Exchange under the ticker ‘VODA’.
Vodacom was trading at a six percent premium to the offer price by the close of the market on Tuesday, according to BusinessTech.
Vodacom initial public offering interests Tanzanian people
Over 40,000 Tanzanian investors were involved…