Robi Axiata gets nod for record Bangladeshi IPO

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By Jonathan Breen
25 Sep 2020

Telecom operator Robi Axiata has won approval from Bangladesh’s securities regulator to list for Taka5.2bn ($61.9m), making it the country’s largest IPO.

The Bangladesh Securities and Exchange Commission (BSEC) gave Robi the greenlight at a meeting on Wednesday to float 523.8m primary shares, equal to 10% of its enlarged share capital.

The issuer, the local subsidiary of Malaysian telecom conglomerate Axiata Group, will offer the stock at Taka10.00 on the Dhaka ...

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