The company would host a “roadshow” for investors in anticipation of its initial public offering and carry out a process known as book-building, in which PPWSA and its underwriter determine the price of the IPO, company chief of accounting and finance Ros Kimleang said yesterday.
“We are doing the roadshow in an attempt to tell investors about our potential. They will learn more information about our company’s background and business profile,” he said, adding that the process would begin on Wednesday.
Securities and Exchange Commission of Cambodia director-general Ming Bankosal said local and foreign investors, as well as the public, could participate in the road-show and book-building to gain insight on the company.
Ming Bankosal said the roadshow was a sign that the IPO was not far off.
“We believe the trading activities will happen soon,” he said.
Neither Ming Bankosal nor Ros Kimleang gave an exact date for trading, but ACLEDA Securities director Svay Hay said the IPO price would be concluded one week after the book-building.
About two more weeks would be needed to transfer investor trading information to the Cambodia Securities Exchange, putting the listing date at the end of March.
Two other state-owned companies – Telecom Cambodia and Sihanoukville Autonomous Port – are expected to list this year, but no deadline has been given.
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