Cambodian commercial bank Acleda made its debut on the Cambodia Securities Exchange (CSX) on Monday after an initial public offering (IPO) raised US$17.5 million.
The locally-owned bank becomes the sixth equity-listed firm and is the first commercial bank that issued its IPO on the kingdom’s bourse.
The bank floated about 4.34 million shares, or one percent of its total shares, in which a share cost 16,200 riels (US$4.05), according to the bank’s data filed to the CSX.
