First Private Bank will launch its public offering at the Yangon Stock Exchange on January 20 to become the fourth listed company on the nascent exchange.
2017 is expected to see an escalation of activity in the frontier market with more listings on the Yangon Stock Exchange (YSX) and increased fintech innovations to meet the growing demand in the large and resource rich country.
YSX approved the First Private Bank (FPB) to be listed on YSX on 30 December 2016. The base price of FPB will be made on the YSX website one working day prior to the listing day, 20th Jan. 2017.
FPB was established in 1991, it is headquartered in Yangon and currently has 32 branches.
The bank will be the fourth company to join the YSX. The other companies trading in the YSX include: First Myanmar Investment (FMI), Myanmar Thilawa SEZ Holdings Public Limited (MTSH) and Myanmar Citizens Bank (MCB).
