Two IPOs in Pipeline at Tehran Stock Exchange

Tehran Stock Exchange is set to witness initial public offerings for two entities: a petrochemical company and an agricultural enterprise over the next two weeks, TSE's listing manager announced on Tuesday.
"Now that fresh money supply has flooded the market and there is high demand, especially from lower cap investors, time is ripe to introduce new companies and meet market demand," Esmaeil Dargahi also told Bourse Press.
"The best companies ready for their IPO have been prioritized and will be offered in 2-3 months, as several other companies are also going through the listing process."
According to Dargahi, the first company is Pars Petrochemical Company, of which 5-10% of shares will be offered next week or the one after.