Tehran Stock Exchange Lists the Second Investment Bank

13 Mar 2019 - Hour 15:50

Novin Investment bank floated 700 million shares at TSE.

Ten percent of total equities were offered by Novin Investment Bank on Wednesday 13 April 2019 at Tehran Stock Exchange.

The new IPO raised TSE’s listed companies to 327, with IRR 15.400 billion growth of the total market capitalization.

The newly -listed equity’s price was discovered at IRR 2200 each via the book building mechanism.

The investment bank was established in 2007 as a pioneer in Iran’s capital market to provide investment banking services to a new group of clients.

 

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