More than 1.28 million investors applied for the Robi IPO in three categories - general investors, those who have suffered losses and expatriates, said Shahed Alam, Robi’s chief corporate and regulatory officer. Among the 1.08 million general applicants, 310,914 won the lottery, while 77,548 came out winners from 94,573 loss-making applicants. “We are particularly inspired by the interest of general investors to become partners. Robi had initially hoped to raise more than Tk 5.23 billion by offloading over 523 million shares priced at Tk 10 each. It allocated Tk 1.55 billion shares for eligible investors and the rest for general investors.

Source: bd News24 December 10, 2020 13:30 UTC