Securities Exchange Board of Nepal (SEBON) has chosen five more institutions to function as institutional investors during the IPO process under the book building method.
Book building is the process by which an underwriter attempts to determine the price at which an initial public offering (IPO) will be offered. An underwriter, normally an investment bank, builds a book by inviting institutional investors (such as fund managers and others) to submit bids for the number of shares and the price(s) they would be willing to pay for them.
There were a total of 46 institutional investors initially in Nepal eligible for the book-building process. SEBON added 25 more investors in 2077 B.S. The board then added 24 more…
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