The "Mongolian Stock Exchange" has started its primary market trading today by offering 34 percent of its total, which is 119,157,598 shares, to the public at 100 MNT each and raising 11.9 billion MNT.
Kh. Altai, CEO of the Mongolian Stock Exchange, opened the ceremony and stated:
"On the threshold of the 32nd anniversary of the establishment of the Mongolian Stock Exchange, a major publicization process is beginning. This publicization process is a significant policy issued by the government. Especially for this parliament, major decisions have been made in favor of the stock market. One of them is the decision to make 25 state-owned companies public as part of the "New Revival Policy" to transfer the governance of state-owned companies to the public control. The first of these companies, the Mongolian Stock Exchange, is starting its IPO subscription today. The MSE IPO itself has several features, according to state and local property laws, one person and their related parties are prohibited from owning more than five percent, and politically influential persons and their related parties cannot participate in this IPO. This distribution of shares is aimed at the general public and strategic investors. Looking at the distribution process, as a result of our IPO, 60,000 to 70,000 people will be able to own Mongolian Stock Exchange shares. Thus, I would like to express my gratitude to all of you who participated in our historic event today."
In relation to this, Javkhlan.B, member of parliament, the Minister of Finance, D. Bayarsaikhan, the chairman of the FRC, Altai.Kh, CEO of the Mongolian stock exchange, and G.Uyangakhishig, chairwoman of "Invescore Capital UTsK" LLC, have participated in the opening ceremony and rung the bell to open the 6,871st trading of the MSE.
Additional shares offered by "Mongolian Stock Exchange" JSC will be accepted through the IPO system of the Mongolian Stock Exchange from December 26, 27, 28 and 30, 2022, through 10:00–17:00.
MONGOLIAN STOCK EXCHANGE