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-
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