Sweet Dialog for cellco’s trading debut

1 Aug 2005

Shares of Sri Lanka’s Dialog Telekom, a unit of Telekom Malaysia, soared 25% to LKR15 (USD0.14) on its debut on the Colombo Stock Exchange, building on the success of its USD85 million IPO held earlier this month. The country’s largest mobile operator offered 712 million shares, or 9.6% of the company, on 7 July in an initial offering that was 6.5 times oversubscribed.

Sri Lanka, Dialog Axiata