Company Golden Pay made another step towards IPO

The company Golden Pay has made another step towards the primary market supply of shares (IPO), changing its legal form from a limited liability company to a joint stock company. The announcement is placed in the official press.

Preliminary work in this direction began in November last year. Then the company held a presentation of the preparatory process for IPO (Initial Public Offering) with the participation of representatives of the State Committee for Securities, BSE and other professional participants of the securities market. In BSE they emphasize that the idea of IPO of securities Golden Pay is the first fruit of its Advisory Program Listing.

The company did not comment processes around preparing for the issue and the proposed stake for public sale, saying only that the official announcement will be ready in a few days.

Note that in November 2013 the authorized capital of LLC Golden Pay was 100 manats. Later it was promoted to 571,000 manat.

According to the Ministry of Taxes, LLC Golden Pay was established in July 2007. The company is the first in Azerbaijan provider of online payment. The system was launched in December 2008, after receiving the safety certificates from Visa and MasterCard. In March 2009, there was the first online payment. The company owns an online portal service hesab.az, which was launched in April 2011.

ANN.Az