BAKU, Azerbaijan, September 24. The International Bank of Azerbaijan (ABB) will continue its active participation in market processes, Chairman of the Board of the International Bank of Azerbaijan Abbas Ibrahimov said during a briefing on the results of the share issuance, Trend reports.
“ABB will actively engage in market processes. Our offerings for clients are also constantly improving, allowing us to double the effectiveness of their investments. This certainly places additional responsibility on us. In the near future, we will introduce the ability to form a secondary market on our platform. Users familiar with the primary market processes know that we have a special listing. This listing includes a dedicated section for the Azerbaijani market as well as a separate category for other markets. On this platform, it will be possible to buy and sell not only ABB shares but also, we hope, new securities that will be offered in the future,” he said.
According to the chairman, integration between the exchange, the National Depository, and other banking applications is nearing completion.
“Soon, these banks and listing offerings will be officially presented, and all participants will receive appropriate notifications. Overall, we have recently observed increased activity in the stock market. We believe this stage will be a significant moment for the development of capital markets, and we will witness positive changes,” he added.
To note, in total, approximately 50 thousand applications from more than 33 thousand investors were received for the initial public offering (IPO).
This resulted in an increase in shareholders from 1,794 to 35,104 people.
The overall demand for ABB shares has risen by 7.8 percent compared to the previous period.
84 percent of orders for ABB shares were made through digital channels.
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