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Kazakhstan's Kcell raises $525 mln in debut IPO
December 12, 2012 / 5:30 AM / 5 years ago

Kazakhstan's Kcell raises $525 mln in debut IPO

ALMATY, Dec 12 (Reuters) - Kcell, Kazakhstan’s largest mobile phone operator, has raised $525 million in its debut initial public offering, the company said on Wednesday.

The IPO, during which Kcell floated a 25 percent stake, was priced at $10.50 per global depositary receipt and 1,578.68 tenge per ordinary share, the company said in a statement posted on the Kazakhstan Stock Exchange.

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