Local Investment Companies Bolster Azerbaijan's ABB Share Acquisition
Date
9/24/2024 5:20:52 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, September 24. Shares of the
International bank of Azerbaijan (ABB) were purchased by 1,435
investors from various investment companies in Azerbaijan, Chairman
of the Board of the International Bank of Azerbaijan Abbas
Ibrahimov said during a briefing on the results of the share
issuance, Trend reports.
"Shares of the International Bank of Azerbaijan were purchased
by 1,435 investors from various investment companies in Azerbaijan.
The demand for the bank's shares increased by 7.8 percent compared
to the previous period. Notably, 84 percent of applications were
submitted through digital channels. Young people under thirty years
of age make up 24 percent of the investors, while men represent 71
percent and women 29 percent. Additionally, 22 percent of
applications came from regions outside the capital," the chairman
said.
To note, in total, approximately 50 thousand applications from
more than 33 thousand investors were received for the initial
public offering (IPO).
This resulted in an increase in shareholders from 1,794 to
35,104 people.
The overall demand for ABB shares has risen by 7.8 percent
compared to the previous period.
84 percent of orders for ABB shares were made through digital
channels.
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