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

Umeme completes $65m Ugandan IPO marathon

Umeme, Uganda’s power distributor, completed an over-subscribed Ush171bn ($65m) IPO last week, one of the biggest ever in East Africa and a landmark deal for Ugandan capital markets. The next step for the IPO market in the region will be a merging of the international and domestic bookbuilding processes which at the moment lead to lengthy deal timetables — in Umeme’s case, more than two months.

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