South African mobile network operator Helios Towers debuted its shares on the London Stock Exchange yesterday, with the IPO reeling in GBP 288 mn (USD 250 mn) in proceeds, according to joint bookrunner EFG Hermes. The final share price for the telecom firm’s IPO was set at GBP 1.15. The company’s share price rose a little over 4% on its first day of trading, Reuters reports.

Advisors: BofA Merrill Lynch, Jefferies International Limited, and the Standard Bank of South Africa Limited acted as joint global coordinators and bookrunners. Renaissance Capital also acted as joint bookrunner, alongside EFG.

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