Acleda Bank fixes IPO price, extends bidding period

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By Jonathan Breen
23 Mar 2020

Cambodia’s Acleda Bank has set the share price for its IPO after two roadshows events, but has extended the subscription period to accommodate the government’s coronavirus containment measures.

The issuer, Cambodia’s largest commercial bank, is listing 8.8m primary shares and 13.1m secondary shares. It priced the stock at Riel16,200 ($3.97), the mid-point of the guidance range of Riel15,000 to Riel17,400 each, giving the bank potential proceeds of Riel354.8bn.

A subscription process kicked off on Monday where ...

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