WHY EX­PERTS DIFFER

The East African - - MARKETS -

The Dar bourse has a mar­ket cap­i­tal­i­sa­tion of $9.3 bil­lion, while the es­ti­mated to­tal cap­i­tal­i­sa­tion for the tele­coms firms amounts to $2.5 bil­lion. The firms could over­whelm the mar­ket which has an an­nual turnover of $1 bil­lion, that would most likely leave the of­fer­ings un­der­sub­scribed. The mar­ket an­a­lysts feel that the rush to have all the tel­cos list about the same time could leave them all un­der­sub­scribed be­cause of the con­strained ca­pac­ity of the mar­ket to ab­sorb the $213 mil­lion.

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