11 November 2015
Phnom Penh Autonomous Port
(PPAP), the state enterprise that operates Cambodia’s second-largest port,
priced its shares at 5,120 riel ($1.26) following a book build to institutional
investors as it looks to raise $5.2 million in an initial public offering. The
sole underwriter and book-runner of the IPO indicated that 44.95% of the share
offering had been allocated to strategic investors, while 45.05% was allocated
to successful book build investors and subscribers.
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