Cambodia rejoins the world of stocks
Enthusiasm about the start of trading at the exchange, which opened last July without a single listed company, extends beyond the borders of the Southeast Asian country. Investors including Templeton Emerging Markets Group Chairman Mark Mobius said they plan to participate in Cambodia's stock market after state-owned Phnom Penh Water Supply Authority has its initial public offering next month. ... Demand for Phnom Penh Water's shares is more than 10 times the amount available, according to a person with knowledge of the matter who declined to be named because he wasn't authorized to speak about the IPO. The company, which plans to raise as much as 82.8 billion riel ($20 million), held a two-week roadshow in the nation's capital starting Feb. 29 with about 400 potential investors crammed into a conference hall with seating capacity for half that number. ... With two dozen computers in an air-conditioned room on the 25th floor of Phnom Penh's tallest office building, Cambodia Securities Exchange Co. is a joint venture with Korea Exchange, the operator of the Seoul bourse. ...
