Deals
Helios Towers Finishes London Debut Strong After Muted Start
- Shares of African mobile tower firm price at bottom of range
- European IPOs have struggled to draw investor interest
This article is for subscribers only.
Helios Towers Ltd. rose 5.7% on its first day of trading after the company raised 288 million pounds ($364 million) in a long-delayed initial public offering that gives investors a foothold in Africa’s fast-growing wireless tower industry.
Shares in the company that was backed by billionaire financier George Soros priced at 115 pence apiece, the bottom of the range, before closing at 121.50 pence.