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Image source: Robi Axiata Ltd Robi Axiata Ltd., the Bangladesh unit of Malaysia’s biggest telecommunication company by revenue, surged on debut after local investors sought 5.7 times more shares than on offer at the initial public offering. The shares rose 50% to 15 taka at 10:12 a.m. according to data on the Dhaka Stock Exchange’s website. Robi, a venture between Malaysia’s Axiata Group Bhd. and India’s Bharti Airtel Ltd., raised 5.24 billion taka ($62 million) in the initial share sale. The company sold about 524 million or 10% of the firm. The biggest Bangladeshi IPO in a decade led to a rush for the shares locally, with investors joining a frenzy for initial share sales across the world. Over 70 foreign companies went public in the US this year, raising more than $21 billion the most since 2014, while in neighboring India, shares of companies such as Burger King India Ltd. have more than doubled on debut. ....
Biggest Bangladeshi IPO in a Decade Surges 50% on Debut in Dhaka Arun Devnath, Bloomberg News Motorcyclists sit in traffic in Dhaka, Bangladesh, on Tuesday, Dec. 10, 2019. Bangladesh estimated 8.15% GDP growth for the year that ended June 30. Photographer: Ismail Ferdous/Bloomberg , Bloomberg (Bloomberg) Robi Axiata Ltd., the Bangladesh unit of Malaysiaâs biggest telecommunication company by revenue, surged on debut after local investors sought 5.7 times more shares than on offer at the initial public offering. The shares rose 50% to 15 taka at 10:12 a.m. according to data on the Dhaka Stock Exchangeâs website. Robi, a venture between Malaysiaâs Axiata Group Bhd. and Indiaâs Bharti Airtel Ltd., raised 5.24 billion taka ($62 million) in the initial share sale. The company sold about 524 million or 10% of the firm. ....
Biggest Bangladeshi IPO in a decade, Robi Axiata surges 50% on debut in Dhaka theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
An impressive line-up of leading global and local experts in policy, business and financial markets are set to join Sri Lanka’s leading independent investment banking and wealth management firm, Asia Securities, at their upcoming 4th Annual Sri Lanka Investment Conference to share their insights. Titled 2021: The Investors’ Dilemma, this year’s conference to be delivered virtually, will take place in three individual sessions, from 15-17th of December. It will explore the outlook for the economic rebound and financial markets in the coming year. Nobel Laureate Professor Muhammad Yunus, world-renowned as the father of both social business and microcredit and founder of Grameen Bank, will be tuning in from Bangladesh for day 2 of the conference. The recipient of the 2006 Nobel Prize for peace will share his thoughts on taking a creative approach to rejuvenate low and middle-income countries in a post-pandemic world. For his constant innovation and enterprise, the Fortune M ....
Influential global thought-leaders to speak at Asia Securities Sri Lanka Investment Conference December, 14, 2020 An impressive line-up of leading global and local experts in policy, business and financial markets are set to join Sri Lanka’s leading independent investment banking and wealth management firm, Asia Securities, at their upcoming 4 th Annual Sri Lanka Investment Conference to share their insights. Titled 2021: The Investors’ Dilemma, this year’s conference to be delivered virtually, will take place in three individual sessions, from 15-17th of December. It will explore the outlook for the economic rebound and financial markets in the coming year. Nobel Laureate Professor Muhammad Yunus, world-renowned as the father of both social business and microcredit and founder of Grameen Bank, will be tuning in from Bangladesh for day 2 of the conference. The recipient of the 2006 Nobel Prize for peace will share his thoughts on taking a creative approa ....