Cellcard has announced it has launched an Initial Public Offering (IPO) of Class A common stock, with the size of the IPO subject to demand.

Cambodia’s only locally-owned telecommunications operator CAMGSM Plc. (Cellcard) made the announcement on Wednesday, adding that the shares will be available to public investors during the subscription period.

SBI Royal Securities Plc. (SBIR) is acting as the underwriter, book runner, and lead manager for the proposed offering of CAMGSM Plc. (Cellcard).

CAMGSM’s initial public offering price will be KHR 2,270/share, the equivalent of $0.57/Share. The price was determined and agreed upon between CAMGSM and SBIR based on the actual market situation, after considering factors such as CAMGSM’s strong financial and operating history and the company’s future projected growth.

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The shareholders of Class A (voting) will be guaranteed an annual dividend yield of 7 percent for five years, payable quarterly in cash and non-cash dividends, effective three months after the listing date, according to an official announcement.

The subscription period will run from May 2 to 31, unless such period is shortened or extended by an agreement between CAMGSM and the underwriter, subject to the approval of SERC.

The details of the offering will be available in the prospectus. Copies of the preliminary prospectus relating to this offering can be obtained from the SBI Head Office and Cellcard’s website (www.cellcard.com.kh).

Interested parties are recommended to pre-register their interest via the Cellcard Shares Pre-Booking Form available online.

Cellcard, part of Royal Group, also announced roadshows to commence in May in Phnom Penh, Battambang, Siem Reap, and Sihanoukville. Schedules of the roadshows will be announced on Cellcard’s Facebook and LinkedIn pages in the following days. [Partnered Content]