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Stage Set for 2 Football Clubs’ IPOs

As per notices posted on the IFB website, both clubs will offer 10% of their stakes in the subscription phase and investors can buy 3 million rials in shares at the most
Stage Set for 2 Football Clubs’ IPOs
Stage Set for 2 Football Clubs’ IPOs

After months of promises and delays, the two main Iranian football clubs, Esteghlal and Persepolis, will go public on Sunday. 
People were asked to subscribe during a press conference held Saturday by the managers of the two clubs allong with the head of the Iranian Privatization Organization and the CEO of Iran Fara Bourse, the junior equity exchange.  
As per notices posted on the IFB website, both clubs will offer 10% of their stakes in the subscription phase and investors can buy 3 million rials in shares at the most. 

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