Economy, Business And Markets

More Gov’t Stocks on Sale

More Gov’t Stocks on SaleMore Gov’t Stocks on Sale

Iran Privatization Organization has offered 99.99% of the shares of Iran East Iron Ore Company, that is 1.3 million shares in total. The IPO said the bulk would be offered at a base price of 71,848 rials ($2.7) for each share, which would total 92.7 billion rials ($3.5 million). IPO added that 64,490 shares would be allocated to preferred stocks.