Cell C CEO Jorge Mendes addresses the audience at the JSE as the telco lists. (Photograph by Nicola Mawson) As Cell C listed on the JSE this morning, almost 4 000 shares traded within minutes of the market opening, with the stock debuting at R27 – a 50c per share improvement on the final pre-listing…
Cell C listed on the JSE on Thursday, completing a multi-year turnaround that not only reshaped the business but rescued it from the jaws of business collapse. The shares began trading on Thursday under the code “CCD”, priced at R26.50, giving the operator a market capitalisation of roughly R9-billion. The shares opened at R27 apiece….
Cell C CEO Jorges Mendes unveiling the company’s new brand identity at a recent event in Johannesburg Cell C has confirmed the final pricing and outcome of its long-awaited JSE listing, marking a major milestone in the operator’s recapitalisation and restructuring efforts. The offer, which closed on 21 November, was priced at R26.50/share, raising R2.7-billion…
Cell C has significantly cut the offer price for its upcoming listing on the Johannesburg Stock Exchange (JSE), reducing its expected market capitalization by hundreds of millions of Rands. Read: Discovery Bank partners with Luno in SA for crypto trading In an update to investors on Friday, Blu Label Unlimited Group, Cell C’s largest shareholder,…
Sir Keir Starmer, prime minister of the UK. (Image supplied by the British High Commission, Pretoria) The UK has partnered with the JSE and Telkom to accelerate the growth of South Africa’s tech ventures. The UK government made the announcement today after prime minister Sir Keir Starmer arrived in Johannesburg this morning ahead of the…
Cell C is heading to the public market with a proposed JSE listing that pegs the offer price between R29.50 and R35.50/share – a range that implies a post-listing market capitalisation of between R9.5-billion to R12.1-billion, depending on the final share count and whether an over-allotment is exercised. The transaction is a secondary sale by…
Cell C Holdings has officially announced its intention to list its ordinary shares on the Johannesburg Stock Exchange (JSE), a strategic move the mobile operator says will streamline its balance sheet, simplify a historically complex structure, and support its next phase of growth. Read: Bandwidth Blog & Smile 90.4FM Tech Tuesday: Supersonic plane takes flight!…
Cell C Holdings has announced its intention to list on the JSE, a move the mobile operator said will streamline its balance sheet, elevate its brand and support its next phase of growth. The listing announcement, which had been expected, said all of Cell C’s issued ordinary shares will be admitted to trading on the…
Emerging markets fintech Optasia has confirmed it will list on the JSE at a valuation of R23.5-billion following the closing of its bookbuilding period on Thursday. The company – backed by former First National Bank CEO Michael Jordaan – confirmed that its share offer closed at the top end of the R15.50 to R19/share range…
FirstRand CEO Mary Vilakazi FirstRand Group has committed R4.7-billion to buy 20.1% of soon-to-be-listed multinational fintech Optasia. The deal, announced in a statement on Monday, comes as Optasia eyes a listing on the JSE at a potential valuation north of R20-billion. “This is a significant investment by FirstRand and reflects strong confidence in Optasia’s model…,”…
