Multiple IPOs To Be Unveiled In 2022
Posted 19,January

By Chaveendra Dunuwille

In Local News

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2021 saw over 28 Initial Public Offerings in the Colombo Stock Exchange. The number of IPO’s recorded in 2021 was the second-highest in the history of the CSE, only to be eclipsed by the 30 IPO’s registered in both 2011 and 2013. 

According to Dimuth Fernando, Chairman of the CSE, the fact that 2021 managed to surpass the goal of 20 IPO’s is an indication of the faith and demand in the local corporate sector. 

2022 is to follow up on the momentum as around five to six IPOs are already in the pipeline. 

From the 28 IPOs of 2021, 14 were debut IPOs, while 13 were equity IPOs. The list also contained a single equity introduction IPO. All 13 equity IPOs were oversubscribed on the very first days of opening.