Open Access Repository

IPO funding policy in Bangladesh

Downloads

Downloads per month over past year

Mahboob Ali, M and Wise, V (2007) IPO funding policy in Bangladesh. Global Business and Economics Anthology, II (Decemb). pp. 260-266. ISSN 1553-1392

[img] PDF
4437.pdf | Request a copy
Full text restricted
Available under University of Tasmania Standard License.

Abstract

The initial public offering of stock by a company serves as an important capital market instrument to provide largescale
direct funding for corporate development within an economy. One major function of stock markets is to
provide investors with an opportunity to participate in the capital market. The lack of willingness on the part of
privately held companies to initially float their stock is a major hurdle for the development of a capital market in
Bangladesh. Only a handful of the privately held companies in Bangladesh have taken the step of going to the public
with an offering their stock. To facilitate the transition from privately-held to publicly-held, the Bangladesh central
bank directed the country's 28 non-banking financial institutions to make initial public offerings by 31 December
2005. While most institutions have commenced the process only nine have floated initial public offerings. The
deadline set has had to be extended to 30 June 2007. This paper considers why the promise of equity funding from
initial public offerings in Bangladesh has largely failed to meet expectations.

Item Type: Article
Journal or Publication Title: Global Business and Economics Anthology
Publisher: B&ESI
Page Range: pp. 260-266
ISSN: 1553-1392
Date Deposited: 07 Apr 2008 14:39
Last Modified: 12 Oct 2015 01:31
Item Statistics: View statistics for this item

Actions (login required)

Item Control Page Item Control Page
TOP