Best Holdings Limited, the owner of Le Meridien, is set to debut on the Dhaka Stock Exchange (DSE) for share trading starting tomorrow under the trading code “BESTHLDNG.”
Having successfully allocated the initial public offering (IPO) shares to investors on January 30, the company issued 86 shares for every Tk10,000 application from local investors. Non-resident Bangladeshi applicants were allotted 101 shares for each Tk10,000 applied.
The cut-off price for the company’s shares, determined through the book-building method, has been set at Tk35.
For general investors participating in the IPO, the selling price per share is established at Tk24.
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