Angola raised $329 million by selling a 15% stake in state telecom giant Unitel, with demand exceeding supply by over 20%

Angola sold a 15% stake in Unitel for about $321m, its largest IPO ever. The shares trace back to a 2022 seizure from Isabel dos Santos.

Angola raised $329 million by selling a 15% stake in state telecom giant Unitel, with demand exceeding supply by over 20%