(Khmer Times)Today, the Cambodia Securities Exchange welcomes Sihanoukville Autonomous Port (SAP) as its fifth listed company on the bourse after it managed to raise around USD27 million in one of the biggest IPO the exchange has ever seen. The listing comes after a successful book building process where some 21.4 million shares were offered to the public at USD1.29 per share in the IPO, which was fully subscribed. According to SBI Royal Securities – the sole underwriter for SAP, they organised book building roadshows in Bangkok, Singapore and Hong Kong to gauge the interests of potential investors.
There is suspiciously no mention that JICA is a major source of funding, and the largest institutional shareholder.
Good for the exchange though, to get some more action.