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16-04-20
Stock market witnesses its largest-ever initial public offering: Iran
(MENAFN) On Wednesday, Iran's stock market saw its largest-ever initial public offering (IPO).
Social Security Investment Company (SSIC, also known by its Persian acronym Shasta), Iran's main state-owned investment firm, offered 8 billion shares, which account for 10 percent of its stakes, for sales at the Tehran Stock Exchange (TSE).
By placing an order through the book-building method, each institutional or individual trader could buy a maximum of 10,000 shares.
MENAFN1604202000450000ID1100033480
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