{"id":3032,"date":"2020-02-13T11:20:52","date_gmt":"2020-02-13T12:20:52","guid":{"rendered":"https:\/\/madaresharghi.ir\/en\/?p=3032"},"modified":"2020-02-13T11:20:54","modified_gmt":"2020-02-13T12:20:54","slug":"investment-firm-goes-public-via-ifb","status":"publish","type":"post","link":"https:\/\/madaresharghi.ir\/en\/investment-firm-goes-public-via-ifb\/","title":{"rendered":"Investment Firm Goes Public via IFB"},"content":{"rendered":"\n<p>Iran Fara Bourse, the over-the-counter stock market, will host\u00a0the initial public offering of an investment company on Monday.\u00a0\u00a0<\/p>\n\n\n\n<p>\n\tThe IPO includes 500 million shares of Mehr Ayandegan Financial Development Group Company, representing 5% of its stakes.<\/p>\n\n\n\n<p>\n\tIt is expected to generate 2.8 trillion rials ($21 million) for the company, the IFB website said in an offer notice.&nbsp;<\/p>\n\n\n\n<p>\n\tEach legal and individual investor will be eligible to purchase maximum\n 500 shares at prices ranging from 5,150 rials to 5,625 rials.&nbsp; &nbsp;<\/p>\n\n\n\n<p>\n\tInvestors are required to place order via book building method, which \nis a process by which an underwriter attempts to determine the price at \nwhich an IPO will be offered. Price discovery involves recording \ninvestor demand for shares before arriving at an issue price.&nbsp;<\/p>\n\n\n\n<p>\n\tMFDG is the Staff Welfare and Retirement Fund of the oil industry with \nregistered capital of 10 trillion rials ($76 million). It is active in \nasset management and other financial services.&nbsp;<\/p>\n\n\n\n<p>\n\tThe company\u2019s IPO is the 14th of its kind undertaken by the IFB since \nthe beginning of current fiscal year that ends in March.&nbsp; Four companies\n were also listed on the Tehran Stock Exchange during the past 11 \nmonths.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Iran Fara Bourse, the over-the-counter stock market, will host\u00a0the initial public offering of an investment company on Monday.\u00a0\u00a0 The IPO includes 500 million shares of Mehr Ayandegan Financial Development Group Company, representing 5% of its stakes. It is expected to generate 2.8 trillion rials ($21 million) for the company, the IFB website said in an [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3033,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[747,8,6],"tags":[506,750],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Investment Firm Goes Public via IFB - madaresharghi | An Analytical Look at Middle Eastern Developments<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/madaresharghi.ir\/en\/investment-firm-goes-public-via-ifb\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investment Firm Goes Public via IFB - madaresharghi | An Analytical Look at Middle Eastern Developments\" \/>\n<meta property=\"og:description\" content=\"Iran Fara Bourse, the over-the-counter stock market, will host\u00a0the initial public offering of an investment company on Monday.\u00a0\u00a0 The IPO includes 500 million shares of Mehr Ayandegan Financial Development Group Company, representing 5% of its stakes. 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