Chrissworld IPO Proves Sceptics Wrong
Posted 19,May

By Chaveendra Dunuwille

In Local News

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Dumbfounding sceptics the logistics and warehouse firm Chrissworld Ltd, the  first company to list in the empower board of the Colombo Stock Exchange had  a dream debut that all companies hope for in the Stock Market. 

18 million of its shares changed hands in 5872 trades with a turnover of LKR  254.2 million. The share price reached an intra-day high of 20.90 LKR. While  showing a peak of 179% before settling at 128% which is more than twice the  IPO quality trade. With the numbers the company became the highest % gainer  and the third largest turnover generator after Browns Investment and Teejay Lanka.  

The Chrissworld Chairman humble despite the success stated that he hopes that  the success will promote other small and medium businesses to enlist in the  market and bring about a new wave of investor interest.