First Startup to Go Public

The Tap30 company, a ride-hailing app in Iran, will make its stock market debut soon and would be the first startup to do so. 
A press conference was held Tuesday in the run-up to IPO by Iran Fara Bourse, the junior equities market that will host the IPO. 
On the company’s financial performance, CEO Milad Monshipour said the internet-based firm on average makes 360 billion rials a month and its operating income reached 2.66 trillion rials ($8.5 million) in the last fiscal year that ended in March.