PPSEZ's IPO Roadshow Gets Underway

Phnom Penh SEZ Plc, launched its IPO public roadshow yesterday, hoping to raise up to $11.6 million. The company intends to float around 11.6 million shares on the Cambodian Securities Exchange (CSX). The company's listing on the CSX is scheduled for June 13. The IPO issue price will be shaped by a five-day bookbuild that's currently underway, with the indicative price ranging from $0.70 to $1 per new share. PPSEZ intends to raise between $8.1 million and $11.6 million. Subscription will be held on May 17-20, with the results announced on May 26. To read the full story, click here.