First Empower Board listing Chrissworld to trade tomorrow

Monday, 17 May 2021 00:15 - - {{hitsCtrl.values.hits}}

Chrissworld Ltd. will be listed on the Empower Board of the Colombo Stock Exchange (CSE) with effect from tomorrow.

The company will be listing 30,000,000 Ordinary Voting Shares and will be classified under the ‘Industrials’ sector.

The listing of Chrissworld follows a successful Initial Public Offering (IPO) on 27 April. The IPO was oversubscribed on the first day itself and raised Rs. 56.25 million. IPO saw the issuance of 7.5 million shares at Rs. 7.50 each.

CSE Chief Executive Officer Rajeeva Bandaranaike said: “We are delighted to welcome the first company listing on the Empower Board at the CSE. The listing of Chrissworld presents itself as a testament to the growing confidence placed in the capital market and the CSE. We welcome more Small and Medium-scale Enterprises (SMEs) to experience the benefits of raising capital through the stock market.”