Homing in on the IPO price

From June 22 to 28, the price of Phnom Penh Water Supply Authority (PPWSA) stock slowly approached its Initial Public Offering (IPO) price while trading volumes stayed within the range of 10,000 to 22,000 shares. The price dropped from KHR 6,6so (US$1.63) to KHR 6,3so (US$LS6) from June 22 to 28. ...

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