Article Abstract:
Last month, Estonia successfully finished the IPO of a 26.2% stake in telecommunications company Eesti Telekom, with shares priced at EKr85 each. At the end of the the first day of trading, the shares had risen 35.3%. The offer is considered a landmark by the Estonian government because it was subscribed in both domestic and international arenas. The international demand totalled nearly US$4bn. The Estonian government's stake went from 100% to 51% as a result of the offer.
Comment:
Last month, Estonia finished IPO of 26.2% stake in telecom Eesti Telekom, with shares priced at EKr85 each.
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Article Abstract:
The $4 billion initial public offering (IPO) of China Telecom, sponsored by Goldman Sachs and China International Capital Corp, has proved disappointing. When trading began on Oct 23, 1997, the share price fell 10% under the issue price of $1.51. The IPO was negatively affected by the overall decline in the Hong Kong stock market and by difficulties over the involvement of China Telecom with Cable and Wireless.
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Article Abstract:
The article discusses the July 29, 1999, Nasdaq flotation of Netia Holdings, the largest Polish private fixed-line telecommunications service provider. Details about the flotation, including financial statistics such as investments and the number of Netia subscribers, and information about global co-ordinators and shareholders, are presented.
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