Cambodia May Lure Up to 10 IPOs a Year, Korea Bourse Says
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Cambodia’s stock market, which is set to open next week after several delays, may be able to lure five-to-10 initial public offerings a year, according to Korea Exchange Inc., the Cambodian government’s partner in the bourse.
State-owned Phnom Penh Water Supply Authority will start trading on April 18, while Telecom Cambodia and Sihanoukville Autonomous Port are preparing to go public, Kim Bong Soo, Korea Exchange’s chairman and chief executive officer, said in an April 9 interview at his Seoul office. Telecom Cambodia may list as early as October, according to Tong Yang Securities (Cambodia) Plc, which is managing the share sale.