Several IPOs slated for CSE next year

LBO-Stock-Market-Report

Nov 25, 2015 (LBO) – Sri Lanka can expect three to four new IPOs on the Colombo Stock Exchange by the first quarter of next year, a CSE official told Lanka Business Online.

“There are few IPOs in the pipeline,” he said.

The CSE recently approved the IPO of People’s Insurance, a fully owned subsidiary of People’s Leasing and Finance for 50 million shares at 15 rupees each valuing the issue at 750 million rupees.

The People’s Insurance IPO will open on 16 December.