The Bangladesh Securities and Exchange Commission (BSEC) has introduced stricter criteria for direct listings. Under the updated regulations, large companies are now subject to higher turnover thresholds. Furthermore, the commission has mandated that asking prices must be at least 25% lower than the reference price. Additionally, the duration for the price discovery process has been extended to two hours.
Economy
BSEC tightens direct listing rules, extends price discovery to two hours
The BSEC has revised direct listing criteria, increasing turnover thresholds for large firms and extending the price discovery window to two hours.
Source: TBS Bangladesh