Bangladesh, Banking, Capital Markets, Corporate Finance and M&A - Monday, September 1, 2008 21:51 - 0 Comments

Bangladesh: Grameenphone’s daring venture

Euromoney, September 2008

IPOs are scarce enough as it is in this gruesome global market. But the largest ever IPO from one of the world’s poorest countries, whose previous record deal was in 1994? That’s rarer still.

When Grameenphone lists in Bangladesh later this year, it will be something of a landmark. According to a statement released after its July 21 board meeting, the telco will raise $300 million, half of it in a pre-public offer private placement, and half in the float itself, on the Dhaka and Chittagong Stock Exchanges. Since Dealogic lists the previous record as a $28.9 million listing for Monno Fabrics in December 1994, that’s quite an increase. Continue…

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