South African Mobile Operator Cell C Plans $413 Million IPO
PositiveFinancial Markets

South African Mobile Operator Cell C Plans $413 Million IPO
Cell C, a prominent mobile operator in South Africa, is gearing up for a significant initial public offering (IPO) in Johannesburg, aiming to raise $413 million. This move comes at a time when the African stock market is experiencing a surge in share prices, making it an opportune moment for companies to seek capital. The IPO not only highlights Cell C's growth ambitions but also reflects the increasing investor confidence in the African market, which could pave the way for more companies to follow suit.
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