National digital infrastructure pioneer, MOST Fintech launches IPO and organizes bell-ringing ceremony of first trade
- By Iveel Munkhbaatar -
- Dec 01,2023
MOST Fintech LLC, known first as Most Money wallet, has become a Limited Company through offering its shares to the public and has organized the bell-ringing ceremony for the first trade. MOST Fintech, pioneering the national digital infrastructure, plans to offer 131,211,820 shares to public, equivalent to 27 percent of its total shares at the price of 44 MNT per share, totalling 5.8 billion MNT to be allocated through its website https://ipo.most.mn, Most Money and Ard wallets. The primary market trading of MOST Fintech shares will take place on December 1-7 at Ulaanbaatar Stock Exchange (UBX), the first private stock exchange in Mongolia.
MOST Fintech LLC is the primary fintech company in Mongolia and was founded in 2008. In 2010, it introduced the first digital wallet, MOST MONEY, to the market and became widely renowned. Its core objective is to build payment and transaction processors and provide infrastructure services. It is a national technology developer with a nationwide presence connecting 60 percent of the banking sector, 32 microfinance institutions, more than 20 wallets and 1.7 million users to its system. The company is going to take the next step of becoming an open company by working tirelessly towards the goal of being a pioneer of digital development not only in Mongolia but also internationally, and bringing domestic intellectual products and services to the international level.
MOST Fintech LLC cooperates with the following famous and well-respected domestic companies as the main and assistant underwriters for its public trading process such as “TDB Securities” SC LLC, “Ard Securities” SC LLC, “Baker Tilly Dalaivan Audit” LLC as an asset evaluation organization, “Hulegt Hunnu Audit” LLC as the auditor company, and “Snow Hill Consultancy” LLC as a legal consultant.
Dear investors, you can get detailed information about public shares on https://ipo.most.mn, its official website and social channels of MOST Fintech LLC.