Ethio Telecom Share Company initial public offering (Ethiopia)
- Value
- US$23.8m
- Date
- 1 April 2025
- Transaction type
- Public Offer
- Practice area
- Capital Markets, Mergers and Acquisitions
- Sector
- Telecoms
- Jurisdiction
- Ethiopia, Kenya
- Client
- Public markets
Summary
Ethio Telecom Share Company initial public offering (Ethiopia). Value as disclosed: 23,800,000 USD.
Ethiopia’s first capital-market IPO: 47,377 Ethiopian investors subscribed for 10.7m shares worth c.USD 23.8m; ALN Kenya also advises the Ministry of Finance on the Ethio Telecom privatisation. DealMakers AFRICA 2025: IPO closed April 2025 as the first offering under Ethiopia’s newly established Capital Markets Authority; 47,377 Ethiopian investors subscribed for over 10.7m shares worth c.3.2bn Br (US$23.8m) against a target of 30bn Br; limited to Ethiopian citizens with a 1m Br per-investor cap; government intends to sell a total 45% stake with a second offering in early 2026.
Why it matters
Major (USD 100m-1bn or award-winning)
Scope of legal work
Anjarwalla & Khanna (ALN Kenya); Tamrat Assefa Liban Law Office
Advisers
Other parties
Public markets (acquirer or client); Government of Ethiopia / Ethio Telecom (counterparty or seller)
Other advisers
D and T Ethiopia Management Consulting (Deloitte); Tamrat Assefa Liban Law Office
Sources
Compiled by Meridian from the public announcements and filings listed under Sources.
- External researchers
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