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The logo of telecommunications company Airtel is pictured on an umbrella that was set up by vendors in Abuja, Nigeria July 9, 2019. REUTERS/Afolabi Sotunde
LAGOS (Reuters) – Airtel Africa listed on the Nigerian Stock Exchange on Tuesday, in a flotation that valued it at 1.364 trillion naira, making it the bourse’s third-largest stock by market capitalisation.
India’s Bharti Airtel offered shares in its African unit two weeks ago via a London IPO and said it would dual list in Nigeria, its biggest market in Africa. It listed the shares at 363 naira each in Lagos.
Reporting by Chijioke Ohuocha; Editing by Catherine Evans
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