Business

CAL launches IPO Portal to subscribe to IPOs

A digital Initial Public Offering (IPO) Portal was launched by Capital Alliance (CAL), backed with a digital signature, allowing companies intending to list on the Colombo Stock Exchange (CSE) to capitalise on investment opportunities.

CAL Head of Investment Banking Vishnu Balachandran stated: “With the IPO Portal, we are helping clients reimagine their IPO process, offering a wider investor reach to corporates seeking to raise capital in this new, increasingly contactless world.”

This portal is expected to make the investor bidding processes seamless, paperless, and contactless, while making it the ideal cutting-edge partner on the investment journey for anyone, be they a first-time or veteran investor.

“CAL’s Investment Banking arm has a well-established position of market leadership in IPOs, accruing expertise and experience that enabled us to streamline the process onto a widely accessible digital platform,” commented Balachandran.

The IPO Portal, the latest feature to be added to the company’s expanding digital investment platform, ensures easy access and convenience for investors. Registered users will also be able to receive notifications on future IPOs announced by CAL to better capitalise on investment opportunities.

“CAL continues to expand our contactless, secure, and seamless digital investment ecosystem, addressing online security concerns, and utilising our capabilities to assist and better serve our customers in this post-pandemic trading environment,” said CAL Chief Information Officer Tharindra Kulasinghe. “We are excited to open our digital offerings to a wider audience, as we witness a surge of retail participation in capital markets and we hope this new innovation will encourage more investors to come forward,” he noted.

Interested parties can visit cal.lk/ipo and subscribe to IPOs managed by CAL.