Robi Axiata bringing rare size to Bangladesh with $62m IPO

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By Jonathan Breen
04 Mar 2020

Robi Axiata has submitted an application to the Bangladesh securities regulator for a Taka5.2bn ($62m) IPO, set to be the largest in nearly a decade.

Robi, the local subsidiary of Malaysian telecom conglomerate Axiata Group, plans to list on the Dhaka Stock Exchange and Chittagong Stock Exchange. It is floating via an offer of 523.8m primary shares, which represents 10% of its enlarged equity capital.

The company is offering public retail and institutional ...

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