Confidence Infrastructure PLC, a member of Confidence Group, has decided to enter the capital market through an Initial Public Offering (IPO), appointing UCB Investment as the issue manager for the proposed IPO.
The company has signed an issue management agreement with UCB Investment, one of the country’s leading merchant banks, to manage its proposed IPO.
The agreement was signed at the corporate office of Confidence Infrastructure in Dhaka. Tanzim Alamgir, Managing Director and CEO of UCB Investment Limited, and Imran Karim, Chairman of Confidence Infrastructure PLC, signed the agreement on behalf of their respective organisations, according to a press release.
Under the agreement, UCB Investment will provide comprehensive issue management and advisory services for Confidence Infrastructure’s proposed IPO.
Officials from both organisations expressed optimism that the partnership would help ensure successful execution of the IPO and support the company’s long-term growth and expansion plans.
Senior officials from UCB Investment Limited and Confidence Infrastructure PLC were present at the signing ceremony.