Business And Markets

Startup to Make Stock Market Debut

Startup to Make Stock Market DebutStartup to Make Stock Market Debut

Tehran’s stock market will host the initial public offer for the country’s second largest Iranian ride-hailing company, Tap30, in the coming weeks. It will be the first of its kind to go public. 
The listing is seen as a breakthrough for new startups as they have been facing major hurdles entering the stock market, according to the state-owned news agency IRNA. 
One key issue is that their assets could not be identified and assessed. Unlike other listed companies that own tangible assets, those of startups are largely intellectual property and brand names, which apparently could not be easily assessed under normal valuation procedures. 


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment