Business And Markets

BSI Company’s IPO Raises $242m

More than 5.45 million investors took part in the listing of Sepehr Saderat Financial Group Company, the investment arm of Bank Saderat Iran. 
The listing process commenced after the regular trading hours of the stock market (9:00 a.m-12:30 p.m.) on Sunday and ended Monday. 
The investment company offered 20% of its stake, comprising 6 billion shares, 5.4 billion of which was sold via an initial public offering and the rest to investment funds.  


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