Iraq’s Asiacell looks at IPO redux

Asiacell is seeking to tap Iraq's wealthy diaspora as the telecommunications company based in Kurdistan attempts to revive stalled plans to go public. The Iraqi operator, 30 per cent-owned by Qatar Telecom, has appointed BNY Mellon to advise on how to attract international buyers as it prepares for an initial public offering (IPO) of 25 […]

Gregor Hunter reports for The National:

Asiacell is seeking to tap Iraq's wealthy diaspora as the telecommunications company based in Kurdistan attempts to revive stalled plans to go public.

The Iraqi operator, 30 per cent-owned by Qatar Telecom, has appointed BNY Mellon to advise on how to attract international buyers as it prepares for an initial public offering (IPO) of 25 per cent of its shares on the Iraq Stock Exchange.