7032
Record IPO Issuance
Economy, Business And Markets

Record IPO Issuance

More than 132 trillion rials worth of government securities have been transferred via initial public offerings (IPO) to the assignees since 2005 in accordance with the Article 44 of the Constitution, Iran Privatization Organization’s public relations office reported. Of all the transferred shares, 73.6 trillion rials, accounting for 55.9 percent of the total amount, have been offered to the public, while around 28.4 trillion rials of the shares went through the IPO to be offered directly to the government’s creditors, including both individual and institutional investors. In addition, justice shares comprised nearly 29.8 trillion rials, accounting 21.5 and 22.6 percent, of the total amount of stocks offered in the past 10 years.

Short URL : http://goo.gl/z9E0PC

You can also read ...

German firms, especially those without business links to the US, want to continue their Iran business.
While Germany’s big banks are studiously avoiding Iran-related...
New Rules Allow  Direct Forex Sale
Businesspeople that have validated their purchase orders are...
Iran is the world’s biggest saffron producer and accounts for more than 90% of the global production.
Iran Mercantile Exchange launched saffron futures trading for...
Banking Amendments Approved
The Money and Credit Council approved the Central Bank of Iran...
Iran Khodro Expanding Presence in Iraqi Market
Iran’s largest carmaker, Iran Khodro, is set to export 6,000...
Uber Plans Taxi-Hailing  in Japan
Uber Technologies plans to launch its first taxi-hailing pilot...
Tesla Admits Model 3 Braking Issue, Promises Fix
Tesla Inc’s Chief Executive Officer Elon Musk admitted on...
Prices have been jacked up by car dealers and some makers by 6-22% only in the past few weeks.
Authorities are set to ratify new car prices for models...

Trending

Googleplus