Discover and read the best of Twitter Threads about #MTNListing

Most recents (1)

MTN NG listed by introduction on May 16 at N90 and 5 days later, the shares had appreciated to N150 without 1 share traded at the floor of the exchange. With a market already concerned with the LBI and not IPO, this more than raise eyebrows.
What happened?

A Thread #MTNListing
@BBoason @WaleMicaiah @oluwole_dada @OlufemiAwoyemi @proshare @tosinolaseinde @abiodunosemobor @wFalabede @okekecc @MatthewTPage Why List by Introduction?

First of all, LBI is not new to the NSE. In fact in the last 10 years, out of a total of 21 listings, only 4 has been by IPO. 17 have been by LBI. So MTN’s LBI is not unusual. However, review of the performance of 16 companies listed in the last 10yrs..
...prior to the listing of MTN reflected that 4 of such companies recorded positive returns while 10 of such companies recorded negative returns. The remaining 2 remained flat. Certainly none gained over 60% in 4 days of trading and none used crossed deals. #MTNListing
Read 28 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!