GP breaks thru’ IPO hurdle
Friday, July 3rd, 2009Grameenphone, the leading mobile phone operator of the country, yesterday received a go ahead from the stock market regulator to raise Tk 486.08 crore through an initial public offering (IPO), the largest of its kind in the history of Bangladesh capital market. The value of the approved IPO is Tk 37 crore more than the company's proposed plan for Tk 449 crore. Each share will be Tk 10 in face value, on top of which a premium of Tk 60 will be added, Anwarul Kabir Bhuiyan, executive director of Securities and Exchange Commission (SEC), told journalists. The approval came after a long dithering ... (read more)


