Top Cement Company Makes Stellar IPO Debut

Tamin Cement Investment Company, the largest construction holding in Iran, went public on Wednesday offering 15% of its shares in an initial public offering.
Stakes comprised 1.65 billion shares, 1.32 billion of which were sold to the public and the rest to investment funds.    
The IPO was warmly received by investors with close to 4.5 million taking part, a figure never seen in Iran’s bourse history, thanks to the rising number of new investors. 
Buyers could purchase 294 shares each. The company raised close to 26 trillion rials ($136 million) from the IPO.