29 June 2023
CamGSM, branded Cellcard, has listed its Class A common stock on the Cambodia Securities Exchange (CSX).
The move signals the successful completion of the operator’s initial public offering (IPO), which saw more than 9.271 million shares bought up by investors to generate more than US$5.28 million. The funds will go towards increasing CamGSM’s network coverage and boosting service quality, as well as readying upgrades as the operator gears up for launching 5G.
“I would like to welcome all the new Cellcard shareholders and express my gratitude for their trust and confidence in Cellcard’s vision and strategy. This is a new beginning for Cellcard, as we embark on a journey of innovation and growth. We have a clear roadmap to achieve our goals and deliver value to our customers, partners and stakeholders,” said CEO Simon Perkins.
