Asiacell Boosts Iraq Bourse Growth After $1.3 Billion IPO
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Asiacell Communications PJSC’s share listing in Baghdad today, after the largest initial public offering in the Middle East since 2008, will help lure liquidity and foreign investment to the bourse, the Iraq Stock Exchange chief said.
“The success of the Asiacell shares selling today proved that there is Iraqi and non-Iraqi liquid money willing to be invested in the Iraq Stock Exchange and in Asiacell shares,” Taha Ahmed Abdul-Salam al-Rubaye told reporters in Baghdad today. Trading on the telecommunications company’s shares starts tomorrow, he said.