Asiatic Laboratories’ IPO halted

The Bangladesh Securities and Exchange Commission has halted the initial public offering (IPO) of Asiatic Laboratories as it reportedly showed a higher value of its assets.

The Dhaka Stock Exchange (DSE) yesterday disclosed that the company's IPO has been held up following instructions from the stock market regulator.

The commission has directed that for the greater interest of the investors, subscriptions to the IPO of Asiatic Laboratories will be held up until further notice, the DSE said.