23 July, 2023
Ransith Karunaratne - Atul Malik
UB Finance Co Ltd. (UBF) Initial Public Offering (IPO) took place on July 20, 2023 and received an overwhelming response from the retail investor segment. Within minutes of opening the 55 million share offering was fully subscribed underscoring renewed confidence in financial markets.
Director/Chief Executive Officer, Ransith Karunaratne, expressed satisfaction with the IPO’s outcome, particularly in the post DDO scenario. He highlighted the significance of this success not only for UBF but also as a testament to the unwavering buoyancy in the entire financial sector. While acknowledging the challenges ahead for the economy he expressed confidence in the resilient spirit of the people.