BAKU, Azerbaijan, January 28. Azerbaijan's
PASHA Bank targets to make stocks accessible to a wide range of
investors, Chief Financial Officer (CFO) and Member of the
Executive Board of PASHA Bank Murad Suleymanov said at a press
conference on the preparatory process for the Initial Public
Offering (IPO) of the bank's shares, Trend reports.
According to him, as of today, the bank has over 17.7 million
shares, of which approximately 5%, or 932,926 ordinary, registered
shares, are planned to be offered to the market.
"We are currently working on finalizing the issue prospectus,
pricing the shares, and forming another framework. These and other
conditions, including market factors, investor interest, evaluation
results, and international practices, will be taken into
account.
Our main goal is to make the shares accessible to a wide range
of investors. We plan to build the share sales process through both
digital and physical channels. The underwriter will be PASHA
Capital. At the same time, we are currently negotiating with other
brokerage companies," he emphasized.
PASHA Capital Investment Company, a subsidiary of PASHA Holding
since 2012, offers brokerage, underwriting, margin trading, and
financial advisory services in Azerbaijan. It is regarded as a top
broker on the Baku Stock Exchange, covering over 2,000,000 trading
instruments. As of early 2025, it commands approximately 45% market
share in the country's capital markets and has been awarded "Best
Investment Company in Azerbaijan" by Cbonds Awards and "Best Broker
in Azerbaijan" by EMEA Finance.
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