Browsing by Author "Hasan Al Mamun"

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    A CRITICAL ANALYSIS OF THE BANGLADESH SECURITIES AND EXCHANGE COMMISSION QUALIFIED INVESTOR OFFER BY SMALL CAPITAL COMPANIES, 2018
    (North South University, 2019-12) Mirza M. Ferdous; Hasan Al Mamun; Md. Golam Rabbani; Rakibul Hasan; Mehnaz Ahmed Khan; Kazi Tasnim Wahid; Jashim Uddin Ahmed, PhD
    2018 marked a turning point in the history of the Dhaka Stock Exchange (DSE) as it finalized the sale of 25 percent of its ordinary shares to a Chinese consortium which is comprised of the Shanghai Stock Exchange (SSE) and the Shenzhen Stock Exchange (SZSE). The USD 125 million Dollar transaction promised improvements to the DSE, both for issuers as well as existing and prospective investors. The f irst evidence of change was introduced with the DSE’s declaration to create a “small cap board” for companies with paid up capital of BDT 50 million to 300 million. This decision effectively creates a completely new pathway for small businesses to raise funds through capital markets. The primary market for the small cap companies, while heavily restricted to the general public, is expected to provide investors with access to securities with higher growth potential than those listed on the main board. This paper proposes a critical analysis of the small cap board both from the issuer’s and the holder’s perspective. It looks at the opportunities of the small cap board, the impact of its restrictions, and also compares it to successful small cap boards in other countries