Business · Companies · 33 mins ago
Myanmar Distributor Plans Small IPO Amid War and Economic Crisis
Concordia plans to raise about $200,000 through an initial public offering in Myanmar.
The medical and engineering equipment distributor is expected to become the first main-board listing in more than three years on the Yangon Stock Exchange.
Myanmar’s economy has been disrupted by civil war and international isolation since the military seized power in 2021.
Concordia chairman Than Win says the listing is about preparing for long-term growth, not funding a major expansion now.
Import restrictions and delays have made it difficult for the company to obtain machinery and other equipment.
Concordia hopes to use foreign investment and technology to make some imported products locally, including dialysis supplies.
Trading is expected to begin in late December or early January, while the exchange says more listings may follow in the coming years.
Concordia Pcl plans to raise about $200,000 in an IPO amid Myanmar’s civil war and economic downturn.
The medical and engineering equipment distributor says the listing is intended to prepare it for long-term growth, not finance a major expansion now.
The IPO would pave the way for Myanmar’s first main-board stock listing in more than three years.
Concordia expects to begin trading on the Yangon Stock Exchange in late December or early January.
The company aims to attract foreign investment and eventually manufacture some products locally when conditions stabilize.
- Who
- Concordia Pcl, a family-owned medical and engineering equipment distributor.
- What
- It plans an IPO expected to raise about $200,000.
- When
- Trading is expected to begin in late December or early January.
- Where
- On the Yangon Stock Exchange in Myanmar.
- Why
- The company says it wants to prepare for long-term growth and position itself to attract investment when conditions stabilize.
This story does not have two clearly opposing sides.
The military seized power in Myanmar, after which businesses faced conflict, economic disruption and international isolation.
Yangon Stock Exchange chief operating officer Min Thu said investor interest and inquiries had increased.
Concordia is expected to begin trading on the Yangon Stock Exchange.
The exchange expects another company to join its pre-listing board.
The exchange hopes for at least one more main-board listing.
- Planned IPO proceeds
- About $200,000
- Exchange
- Yangon Stock Exchange
- Expected trading
- Late December or early January
- Concordia's business
- Medical and engineering equipment distributor
- Local retail investors
- 99.86% of investors as of March
What people are saying
We are not listing for short-term sentiment
We are building an enterprise designed to thrive over the next 10 to 20 years.
just the beginning of a pipeline