Mobile phone towers valued at $7bn in New York

IHS Towers IPO share offer New York SE telecoms

IHS Holding Ltd (ticker IHS:US), holding company of the biggest independent operator of mobile phone towers in Africa, scored a $7 billion valuation in its initial public offering (IPO) on the New York Stock Exchange on 14 October. According to a story on website PYMNTS.com, Africa scores “eight unicorns and counting”, referring to technology companies […]

Africa’s top telco towers firm seeks $7bn US listing

A telecoms firm launched in Lagos is set to be Africa’s biggest listing in the United States with a suggested $7bn valuation. IHS Holding Ltd, which operates up to 28,000 wireless telcoms towers across nine countries, announced plans to go ahead with a potential initial public offering (IPO) of shares to investors in a press […]

Tech will drive African IPOs

Telecoms, e-commerce and technology will be the driving force behind many of Africa’s coming initial public share offers (IPOs) as the continent’s telecom, media and technology (TMT) sector continues to grow fast.