BSE will be the public area for the first (not closed) placement of securities. The issuer of the pioneer IPO (Initial Public Offering) is a local company Golden Pay, which is preparing for the final stage of preparation for the sale of shares.
According to representatives of the issuer, already known are not only the parameters, but also the approximate date of the IPO. For the purpose of the authorization will be soon held a general meeting of shareholders, after which the parameters and timing of initial placement will be published in the local press. The placement is tentatively scheduled for the 4th quarter of the year, the management of the company said.
To conduct initial public offering at Baku Stock Exchange, the company Golden Pay previously held corporatization. The authorized capital of Golden Pay is declared at the level of 571 thousand. AZN - 571 thousand shares with par value of 1 manat. -17D-
Economics
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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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