Vodafone IPO Success Likely The Exception

The launch of Vodafone Qatar's IPO, which took place on April 30, was fully subscribed, underlining CFW's view that despite poor market conditions the telecom would attract interest (see 'Vodafone Qatar IPO To Attract Interest Despite Poor Market Conditions' CFW March 23 2009). The IPO was the second-largest IPO to date in the gulf state, selling 338.1mn shares for QAR10 per share, representing a 40% stake in the company, and was only open to local investors.

To read the full article, please choose one of the following options: