Vodafone Qatar has announced that 40 per cent of its shares will be listed on the Doha Securities Market, following an initial public offering (IPO) that will be launched on April 12 and close on April 26, 2009. The IPO is expected to raise $929 million. HSBC Bank Middle East and Qatar National Bank will be the financial advisers and lead receiving banks, with 12 other local lenders also acting as receiving banks.