(Reuters) - A $1.35 billion sale of shares in Iraqi mobile telephone firm Asiacell TASC.ISX, the country's first major public offer of equity since the U.S.-led invasion in 2003, was fully subscribed, the stock exchange said on Sunday.
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Taha Abdulsalam, chief executive of the Iraq Stock Exchange, told Reuters that orders had been received for all 67.5 billion shares on offer, comprising 25 percent of the company's share capital.
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The offer was one of the Middle East's biggest share offers in the last few years, and it was seen as a test of investor confidence in Iraq's economy as it recovers from years of war, political instability and financial sanctions.
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Some major local shareholders in Asiacell are reducing their holdings through the offer.
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