The operator of e-commerce in Azerbaijan of Golden Pay has made another step towards Azerbaijan's first IPO (initial public offering). An agreement was signed with all participants of the organization listing the company's shares.
Presentation of the "Programme consultations listing" (PCL ) was held on April 16th in Baku with participation of representatives of the State Committee for Securities and professional participants of the securities market , international and local financial institutions , according to the sector of Public Relations Committee informed.
In the process of listing of shares of Golden Pay engaged auditing company KPMG, law firms Dentons and Baker & McKenzie, Baku Stock Exchange (BSE) as well as four brokerages - Pasha Capital, Standard Capital, Invest-AZ and Chelsea Capital.
Implemented by the BSE program PCL provides free legal, PR and audit support and brokerage companies pretending to raise capital from the capital markets. While apart of Golden Pay, no company showed interest in this program.
JSC Golden Pay plans to IPO this year. Options of the placement of shares were not disclosed.
SCS recently registered an issue of shares of Golden Pay in the amount of 571,000 manat through a private placement. -08D-
Economics
-
Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
-
Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
-
Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
-
The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
Leave a review