Fonepay Payment Service Limited (Fonepay), Nepal’s leading Payment System Operator (PSO), and NMB Capital Limited, a well-known merchant banker, have joined forces to offer comprehensive IPO advisory services.
According to a company press release, this collaboration represents a significant milestone for Fonepay as the company takes a significant step towards becoming a publicly traded company in the Nepalese capital markets.
The agreement between Fonepay and NMB Capital will allow Fonepay to take the first steps in preparing to issue its common stock to the general public, allowing NMB Capital to leverage its expertise and strengths to provide bespoke IPO advisory solutions.
“Fonepay’s IPO was a dream we’ve wanted to realize since our inception,” said Diwas Sapkota, CEO of Fonepay. “Not only do we want to go public, but we also want to inspire and set a benchmark for all technology companies in Nepal. We believe that NMB Capital is the right partner for this and is able to provide the advice and support we need to achieve this dream.”
This collaboration between Fonepay and NMB Capital will provide Fonepay with timely support in planning and managing the requirements of the IPO process. This will ensure the dissemination of accurate and reliable information about Fonepay to potential investors and enable them to make informed investment decisions. By combining their strengths, Fonepay and NMB Capital are poised to set a benchmark for successful IPOs in the Nepalese technology sector.
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