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Wednesday December 8th, 2021
Markets

Sri Lanka’s CAL starts online portal for IPO subscriptions

ECONOMYNEXT – Capital Alliance, a Colombo-based investment house, said investors in initial public offerings managed by the firm will be able to subscribe through an online portal.

“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,” Vishnu Balachandran – Head of Investment Banking at Capital Alliance said in a statement.

The IPO Portal is backed by digital signature technology for authentication and security.

Registered users will also be able to receive notifications on future IPOs announced by CAL.

“CAL continues to expand our contactless, secure and seamless digital investment ecosystem, addressing online security concerns, and utilizing our capabilities to assist and better service our customers in this post-pandemic trading environment,” Tharindra Kulasinghe, Chief Information Officer at Capital Alliance said.

CAL has interest in equity and debt market and also caters to family-owned businesses, institutional clients and high net worth entrepreneurs.

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