Liberian mobile operator Cellcom Telecommunication Incorporated yesterday launched an initial public offering (IPO) in the country, promising to offer shares in the company to businesses and individuals alike – the first time a profitable and privately-owned company has offered shares to the Liberian people.
Cellcom, which is jointly owned by Cellcom Telecommunications Inc and an internet company in Liberia, officially launched its IPO through a convertible debenture whose minimum price is USD10.00. Up to 500,000 debentures are being offered with a minimum of 10% interest which will be payable semi-annually.
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