Logo of Phnom Penh Post newspaper Phnom Penh Post - PPSEZ holds bookbuild today to set share price

PPSEZ holds bookbuild today to set share price

The Phnom Penh Special Economic Zone is due to kick off its IPO bookbuilding session today.
The Phnom Penh Special Economic Zone is due to kick off its IPO bookbuilding session today. Heng Chivoan

PPSEZ holds bookbuild today to set share price

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.

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