29 Mar 2024
Saturday 18 April 2020 - 16:33
Story Code : 374026

Unseen rush for SHASTA shares

Unseen rush for SHASTA shares
Financial Tribune - More than two million investors took part in the initial public offering by the Social Security Investment Company on Wednesday a development unprecedented in the history of Irans bourse.

The largest holding company, known by its Persian acronym Shasta, offered 8 billion shares on the Tehran Stock Exchange that was warmly welcomed by investors. Each share was priced around 8,600 rials.

Shasta generated 69 trillion rials ($437 million) from the sale to become the 335th company listed with the TSE, according to TSE managing director, Ali Sahraee.
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