Cut Price Pitch

Airtel said to face institutional pressure to cut offer price for Uganda IPO

By Musinguzi Blanshe

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Posted on September 12, 2023 05:00

An employee attends to a customer inside a mobile phone service centre operated by Kenyan telecom operator Airtel Kenya at the Sarit Centre in Westlands, Nairobi. REUTERS/Thomas Mukoya

Airtel Uganda’s IPO price tag is drawing investor scepticism with the mobile money business off the table.

Airtel Uganda is facing pressure from institutional investors to cut the price of its initial public offering (IPO), an investment advisor who asked not to be named, tells The Africa Report.

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