2 Soccer Clubs Make IPO Debut

The government started offering stakes in the two main football clubs, Esteghlal and Persepolis, on Sunday.
Subscription started in the morning and within two hours Esteghlal sold 167,403,903 shares to 179,185 buyers while Persepolis sold 162,229,136 shares to 201,254 people, Meysam Fadaei, the CEO of Iran Fara Bourse, said as reported by the state broadcaster IRIB.
Local media outlets reported on some disruption in IFB's trade platform, saying that many fans of the two teams were not able to buy shares. The claim, however, was rejected by Fadaei.