Cell C’s share price moved sharply higher on its second day of trade on the JSE on Friday, closing 12.7% up at R31.
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Cell C listed on the JSE on Thursday, completing a multi-year turnaround that has reshaped the business.
Cell C has confirmed the final pricing and outcome of its long-awaited JSE listing, marking a major milestone in the operator’s restructuring efforts.
Cell C has cut the offer price for its imminent JSE debut, trimming as much as R3.50/share off the bottom of the original range.
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.
Cell C Holdings has announced its intention to list on the JSE, a move that had been expected for some time.
Capitec is doubling down on mobile and fintech services. An acquisition of Blu Label might be the next logical step.
Blu Label could pay a special dividend to shareholders if its planned listing of Cell C on the JSE next year goes ahead.
Blu Label Unlimited Group has been given the green light by the Competition Tribunal to take control of Cell C.
A key regulator has given the green light to a transaction that should help advance a proposed plan to list Cell C.