Khazen

 LONDON -(Dow Jones)- Beirut-based mobile telecoms firm Investcom said Sunday it will carry out two initial public offerings, listing shares in London and Dubai. The price range will be $10.35 to $12.35 per global depositary share, each representing five ordinary shares. There will be an offer of 59,995,428 GDS’s in London, representing 128,548,569 new shares and 171,428,571 existing shares. This will equate to a pre-greenshoe freefloat of 22.58%. An additional number of GDS’s, of up to 15% of the offer size will be made available if the over-allotment option is fully exercised. The final pricing of the shares is scheduled to take place around Oct. 5 the company said in a statement. Investcom is owned by the family of former Lebanese prime minister Najib Mikati. The company has 2.5 million mobile subscribers in eight countries: Benin, Cyprus, Ghana, Guinea-Bissau, Liberia, Sudan, Syria and Yemen.