PPWSA settles on IPO price
A price has been set for Phnom Penh Water Supply Authority’s initial public offering, according to the Securities and Exchange Commission of Cambodia, after what was reported to be a significantly oversubscribed book-building process. PPWSA will sell for 6,300 riel, or US$1.57, a share, putting the price at the top end of the expected $1 to $1.57 range, according to the SECC. The state-run water authority is now on track to generate as much as $20.4 million from its April 18 IPO. …
http://www.phnompenhpost.com/index.php/2012032755267/Business/ppwsa-settles-on-ipo-price.html
