Port IPO road show kicks off
On course to become the third listed company on Cambodia’s stock exchange, Phnom Penh Autonomous Port (PPAP) kicked off a road show for its initial public offering (IPO) yesterday to prospective investors.
PPAP, the state enterprise that operates Cambodia’s second-largest port, is seeking to raise up to $6.4 million for expansion by offering a 20 per cent stake to investors ahead of its planned December listing on the local stock exchange. Some 4.1 million shares are being offered at a price range of 4,405 riel to 6,320 riel (approximately $1.08 to $1.55), with the share price to be announced following a four-day book-build session. …
Cam McGrath
http://www.phnompenhpost.com/business/port-ipo-road-show-kicks
