Airtel Uganda will offer free shares to investors participating in its Ush801.33 billion ($215.16 million) initial public offer (IPO) which opened recently, in an effort to spur uptake of the shares.

The offer, which has been opened to Kenyan investors, will see the incentive shares issued to qualifying investors on a pro-rated basis, with higher application volumes guaranteeing one more free share.

For more information, please see https://www.theeastafrican.co.ke/tea/business/airtel-uganda-sweetens-ipo-with-free-shares-offer-4354600