PPWSA makes pitch to investors before IPO
Trading on the Cambodian Securities Exchange should begin at the end of March as the Kingdom’s first stock, Phnom Penh Water Supply Authority, prepares to consult and share information with potential investors this week. The company would host a “roadshow” for investors in anticipation of its initial public offering and carry out a process known as book-building, in which PPWSA and its underwriter determine the price of the IPO, company chief of accounting and finance Ros Kimleang said yesterday. “We are doing the roadshow in an attempt to tell investors about our potential. They will learn more information about our company’s background and business profile,” he said, adding that the process would begin on Wednesday. Securities and Exchange Commission of Cambodia director-general Ming Bankosal said local and foreign investors, as well as the public, could participate in the road-show and book-building to gain insight on the company. …
