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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
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..
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
