1.5 million wait on results of Telkom IPO

26 Feb 2003

Share pricing and allocations are currently being finalised following the USD835 million IPO of South Africa’s state run telco Telkom SA. More than 1.5 million people registered interest in the offering, part of a government campaign to educate the black population about share investment, but potential investors will not know what they get until Telkom lists on the Johannesburg and New York stock exchanges on 4 March.