Sri Lanka Bourse approves Softlogic IPO

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.

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