IPOs Resume as Bourse Recovers

Iran's stock market regulator allowed three companies to go public in the past week and more are poised to hold initial public offers in the weeks as the market started showing signs of recovery.
IPOs were on hold since mid-September when the share market was fading with one of its biggest downturns in recent memory. 
Fears that the IPOs may not be well-received as before was the main reason behind the postponements. The regulator apparently took some lesson from the last listing, where Sepehr Saderat Financial Group Company, an investment entity affiliated to the semi-private Bank Saderat Iran, failed to break the previous IPO turnout record and didn’t perform well.