11 Jun 2014
- IPO raises $239m valuing company at $640m
- Georgian Prime Minister, Irakli Garibashvili joins TBC Bank Chairman of the Supervisory Board to open London Trading
- GDRs to trade on London Stock Exchange’s International Order Book
London Stock Exchange today welcomes TBC Bank to the Main Market following its listing of Global Depositary Receipts (GDRs). The company, the largest bank in Georgia by retail deposits, raised $239m at IPO, giving it a market value of $640m.
To mark the first day of unconditional dealing of the company’s GDRs on London Stock Exchange’s International Order Book, Georgian Prime Minister, Irakli Garibashvili and TBC Bank’s Chairman of the Supervisory Board, Mamuka Khazaradze opened trading on the London markets this morning.
You can read the full announcement here.