Business Desk :
Reduced timing of clearing IPO proposals, rules for mandatory listing and proper branding of listed companies are among lures that can inspire corporate entities to go public, experts say about market upgrading.
They cite as success stories that many corporates across the world achieved notable branding and valuation along with ensuring their longevity through the listing with stock exchanges.
Their suggestions came Tuesday at a conference titled ‘Capital Market of Bangladesh: Prospects and Opportunities for Corporate Entities’, arranged by Dhaka Stock Exchange (DSE) as part of the latest moves for resuscitating the stock market.
Representatives of different business groups, including Envoy, Rangs, Abdul Monem and Daffodil Family attended the conference held on the DSE premises.
Abdus Salam Murshedy MP, managing director at Envoy Group, observed many companies were unable to turn into corporate as they could not move toward ‘we’ from ‘me’ in a mindset induced by the business ambiance.
“We are lagging behind in case of faith. The companies should be facilitated in doing business properly as corporate entities by removing barriers, including bureaucratic tangles. Otherwise, new generations will not be interested in business,” says Mr. Murshedy.
