May 24, Colombo: The Colombo Stock Exchange has approved the initial public offering (IPO) of the IT company, Softlogic Holding.
According to a statement released today, the CSE has in-principle approved an application for listing 139 million ordinary voting shares at a price of 29 rupees per share.
The IPO is the largest in six years amounting to 4.03 billion rupees in sale of shares.
The subscription will open on June 9 and John Keells Capital will serve as the lead managers and financial advisors to the issue.
Prospectus will be delivered to the member firms and trading members on May 31.