Setting the right price for investors
Subscription to the initial public offering of Phnom Penh Autonomous Port (PPAP) opened on 12 November.
The capital’s port operator aims to raise $5.2 million by floating a 20 per cent stake on the Cambodian stock exchange in December, becoming the third company to list on the exchange. The Post’s Cam McGrath sat down with Han Kyung Tae, CEO of Yuanta Securities (Cambodia), the underwriter of the IPO, to discuss the valuation of the PPAP and its bookbuild results.
