33,000 investors participated in Azerbaijan's International Bank of Azerbaijan's share issuance, increasing shareholders from 1,794 to 35,104.

Azerbaijan's International Bank of Azerbaijan (ABB) reported that over 33,000 investors participated in its recent share issuance, increasing shareholders from 1,794 to 35,104. The IPO, which ran from June 11 to September 10, 2024, attracted 50,000 applications for 322 million manats worth of shares, priced at 0.27 manat each. The bank aims to boost private investment and develop a robust equity market, with significant digital engagement noted.

September 24, 2024
16 Articles