Sci & Tech

SEO Clears Way for Major Iranian Startup IPOs

Iran’s Securities and Exchange Organization is intrigued by the notion of startups entering the stock market, and in collaboration with the government is trying to foster a culture that would allow such firms to embark on initial public offerings
SEO Clears Way for Major Iranian Startup IPOsSEO Clears Way for Major Iranian Startup IPOs
Startups and technology firms are highly profitable entities. Considering their rapid growth rate, SEO is actively pursuing to list the companies on the country’s junior market Fara Bourse

Iranian startups and major online businesses are on the cusp of a profound change, getting listed on the stock market. The move as described by the head of Iran's Securities and Exchange Organization heralds a new era, which authorities have been trying to prepare the ground for.
"There are no obstacles in the way of major startups such as Digikala and Snapp to become involved in the stock market," SEO chief Shapour Mohammadi has been quoted as saying by IBENA.
Mohammadi was speaking in reference to rumors going around that the organization is creating obstacles in the way of startups to deny them a place on the stock market.
Digikala is Iran's largest e-commerce store and Snapp is one of the leading ride-hailing apps in the country. The two companies are among the most likely candidates for an initial public offering.


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