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Malawi - TNM reports IPO oversubscribed.
Malawi mobile operator TNM's initial public offering of shares has been oversubscribed. The company is selling 1.29 billion shares at MWK 2 each and has so far received applications for 3.94 billion shares. The shares will list on the Malawi Stock Exchange on 3 November, and the operator will announce its first dividends in December, payable in January. All …
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