The Phnom Penh Special Economic Zone is set today to kick off a five-day bookbuilding session that will determine a share price for its initial public offering on the Cambodia Securities Exchange (CSX), expected sometime in May.

The company, which operates a 357-hectare industrial park on the outskirts of the Cambodian capital, is preparing to offer 11.6 million new shares – about 20 per cent of its enlarged issued share – to raise up to $11.6 million for debt repayment and the development of a new special economic zone in Poipet near the Thai border.

The price band of the bookbuild will range from $0.70 to $1 per share.