Grameen Phone IPO Bangladesh: Finance Trading Times

Grameen Phone IPO Bangladesh

Bangladesh is set to see a roller coaster IPO this year. The IPO or initial public offering belongs to Grameenphone, a Norwegian-controlled mobile phone company of Bangladesh.
Grameen Phone IPO Bangladesh
Given the size of the Grameenphone IPO, it is all set to become Bangladesh's biggest initial public offering in the recent past.

What is the size of the Grameenphone IPO?
The total size of the Grameenphone IPO is expected to be around 300 million USD. This includes a domestic IPO sell of around 150 million USD and the preceding placement of another 150 million USD.

Where will the shares of Grameenphone IPO be listed?
The shares of Grameenphone IPO will be listed on both the Dhaka Stock Exchange and Chittagong Stock Exchange.

Who are the book running lead managers or lead underwriters for the Grameenphone IPO issue?
The Grameenphone IPO is being lead underwritten by Citigroup Global Markets Bangladesh.

What is the business valuation and market outlook for Grameenphone IPO?
Grameenphone IPO is the leader in mobile business in Bangladesh. It has almost half of the 42 million mobile phone subscribers of Bangladesh. Mobile subscription is all set to increase in these countries, making it one of the front-runners for mobile business expansion.
The Grameenphone Company is presently controlled by Telenor of Norway. AK Khan agreed to sell a 30 per cent stake in TMIB to NTT DoCoMo in a $350m deal.

Is this the right time to enter into the capital markets for Grameenphone IPO?
Despite political uncertainties and problems, the Bangladesh stock market has seen a consistent rise in the Stock indices.
Though there has been a marginal dip of around 10% in the Bangladesh Index since the start of 2008, this is far better than the turmoil we have observed in other markets like India and US, which have gone down substantially. Table of Contents
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