Business And Markets

Capital Market Funding Down 10% in 2 Months

Listed companies raised 265 trillion rials and newly listed companies generated 13 trillion rials via IPOs, accounting for 3.6% of the total in the two months
Capital Market Funding Down 10% in 2 Months
Capital Market Funding Down 10% in 2 Months

Total funding made available through the capital market amounted to 365 trillion rials ($1.1 billion) in in the first two months of current fiscal year (March 21- May 20). 
This was 9.7% lower on the corresponding period in the last fiscal year when 404 trillion rials ($1.3b) was secured.
According to data released by the Tehran Chamber of Commerce, Industries, Mines and Agriculture, equity financing stood at 279 trillion rials ($900 million), contributing to 76% of the total funding in the two months. The figure is down slightly from 284 trillion rials ($916m) in the same period last fiscal year.


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