Reports have emerged today about the timing and pricing of the previously reported Nawras listing of 260 million shares.
Reuters, citing an anonymous source, reported today that the telco is aiming to raise US$1bn, starting on September 20.
Reports…
Reports have emerged today about the timing and pricing of the previously reported Nawras listing of 260 million shares.
Reuters, citing an anonymous source, reported today that the telco is aiming to raise US$1bn, starting on September 20.
Reports earlier this week speculated that the company would be able to raise 9x to 12x of its annualised EPS, a sum of US$475m to US$600m.
Nawras declined to comment on this speculation.
Bank Muscat is advising Nawras on the IPO.
