PPWSA stock offering slated to outperform
The Kingdom’s first initial public offering is fast approaching, and demand is expected to be robust. Book-building, the process during which bids for the IPO are taken and a price is set for shares, ended yesterday. The final offering price is expected before the subscription for the IPO begins March 29, with the listing date set for April 18. PPPWSA shares will be available to both Cambodian citizens – a 20 per cent allotment has been provisioned – and non-Cambodian citizens. Permitting foreign investor participation should dramatically improve the prospects for the IPO as this will be the only publicly traded equity exposure in Cambodia. Only 13 million shares will be floated, and a maximum of 10.4 million shares will be available to foreign investors. …
