Monday, 9 June 2008
Celtel Zambia - Next in line
All the talk about Safaricom has totally taken the attention away from Celtel Zambia that comes to the market on the 11th June. The IPO closed on May 20. The K665, 600 mln offer generated demandof K2,040 bln, with K1,700 bln of this demand arising from international investors. Oversubscribed only 3 times. Could represent a liquidity opportunity to get some stock, although the free float is increadibly small.