Bodi Insurance company successfully issued IPO

Bodi Insurance company successfully issued its IPO which was the first IPO of this year on Mongolian Stock Exchange. IPO subscription of the company closed on June 08 as well as the company offered its 20 percent or 47 million shares to the public.

BDSec JSC as underwriter of Bodi Insurance’s IPO announced that they successfully issued IPO and raised MNT 5.3 billion from public. As a result, market capitalization of Bodi Insurance JSC has been at MNT 26.6 billion. Furthermore, use of proceeds will be spent for investment and technology upgrade.

Total 959 people have participated at the IPO and invested MNT 5.32 to the company in accordance with the information of MSE.

Source: bloombergtv.mn