All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group
Emerging Markets

Asiacell $1.3bn IPO sells Iraq to internationals

Asiacell, Iraq’s second-largest mobile operator, raised ID1.485tr ($1.259bn) on Monday through an oversubscribed IPO that featured heavy international participation in spite of a focus on marketing the deal domestically. Bankers hope the deal will stimulate the Iraqi equity markets as the country looks to fund infrastructure improvements.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree