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Iranian startups to make their first initial public offering - Farabourse

Business Materials 27 November 2021 10:21 (UTC +04:00)
Iranian startups to make their first initial public offering - Farabourse

TEHRAN, Iran, Nov. 27

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The special criteria for startups to have made their initial offering via the stock market were approved by the Securities and Exchange Organization of Iran (SEO), the CEO of Iran's Farabourse announced, Trend reports citing ILNA.

Iran Fara Bourse's CEO Amir Hamooni announced that the shares of the startups will be traded publicly via Iran`s stock exchange.

He went on to say that to prevent the risk of capital market investors, the first step for the initial public offering of the shares of startup companies, is to make the IPO, indirectly through the investment funds.

In addition to the common conditions, 17 other pre-conditions have been set for startup companies, he said.

“For example, the startup companies must pledge a percentage of their shares to the Farabourse Admission Board.”

Iran Fara Bourse Co. (IFB) also known as Farabourse is an Exchange for securities and other financial instruments in Tehran, Iran which operates under the official supervision of the Securities and Exchange Organization (SEO).

Iran Fara Bourse is an exchange founded on November 12, 2008, in Tehran which operates as a self-regulatory organization under the supervision of SEO. IFB provides a market for both listed and unlisted securities.

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