Fonepay, NMB Capital Limited sign IPO Advisory Service Agreement ahead of public listingThe agreement between Fonepay and NMB Capital will enable Fonepay to take the first steps for preparing to issue its common stocks to the general public.
Fonepay Payment Service Limited (Fonepay), Nepal's leading Payment Systems Operator (PSO), and NMB Capital Limited, a prominent Merchant Banker, have joined forces to provide comprehensive IPO advisory services.
This collaboration marks a significant milestone for Fonepay as it takes a momentous step towards becoming a publicly listed company in Nepal's capital markets, according to a press release issued by the company.
The agreement between Fonepay and NMB Capital will enable Fonepay to take the first steps for preparing to issue its common stocks to the general public, with NMB Capital leveraging its expertise and strengths to deliver tailored IPO advisory solutions.
"Taking Fonepay public has been a dream that we have strived to achieve since we started," said Diwas Sapkota, CEO of Fonepay. "We are not just looking to go public, but also to inspire all tech companies in Nepal and set a benchmark. We believe that NMB Capital is the right partner for this, and is capable of providing the guidance and support we require to achieve this dream."
This collaboration between Fonepay and NMB Capital will provide Fonepay with timely assistance in planning and navigating the requirements of the IPO process. It will ensure the dissemination of accurate and reliable information about Fonepay to potential investors, empowering them to make informed investment decisions. By combining their strengths, Fonepay and NMB Capital are poised to set a benchmark for successful IPOs in Nepal's technology sector.