PCG IPO Roadshow Kicks Off in Phnom Penh – Global IPO Roadshows Officially Launched
Picasso City Garden Development Plc. (PCG) officially launched its global IPO roadshow this week, with the first event successfully held in Phnom Penh. The session attracted numerous institutional investors, real estate professionals, business leaders, and media representatives, filling the venue and reflecting the market’s strong interest and enthusiasm for PCG’s upcoming listing.
Following the opening session, Mr. Teng Cheng-Yueh, Chairman of Cambodia Securities Plc., H.E. Dr. Heng Vuthy, President of The Chinese Investment in Cambodia Association and Advisor to Samdech Prime Minister Hun Manet, H.E. Hong Sok Hour, Royal Government Delegate in charge as CEO of Cambodia Securities Exchange and H.E. Seang Thirith, Deputy Director General of the Securities and Exchange Regulator of Cambodia express their shared confidence in PCG’s solid fundamentals, visionary leadership, and the company’s long-term growth potential. They emphasized that PCG’s upcoming IPO represents not only a milestone for the company but also a promising opportunity for investors to participate in Cambodia’s rapidly expanding real estate and capital market.
During the event, the PCG team presented a detailed overview of the company’s growth journey, IPO issuance plan, and intended use of funds, with a particular focus on introducing its flagship project, “Picasso Sky Gemme.” Located in the heart of Phnom Penh’s BKK1 district, the 180-meter, 52-story landmark will become the tallest and most luxurious residential building in the city. With its unique brand positioning, construction quality, and “livable art gallery” design concept, the project has achieved strong brand differentiation and garnered significant market recognition.
According to the survey conducted at the event, over 70% of investors expressed high interest in PCG’s policy of a fixed 7% annual dividend for five consecutive years. The collected expressions of interest already exceeded the total number of shares offered. Several potential institutional investors also requested offering documents and subscription forms on-site, creating a highly engaged atmosphere.
The lead underwriter, Cambodia Securities Plc., stated that the Phnom Penh event marks the start of PCG’s global roadshow campaign. The team will next visit key Asian cities such as Shanghai, Shenzhen, Hong Kong, Chongqing, Malaysia, Singapore, Taiwan, and Tokyo, introducing Cambodia’s real estate market potential to international investors, particularly within the global Chinese investment community and property funds.
PCG emphasized that this IPO not only offers stable fixed dividends but is also priced at USD 1.20 per share, representing a 40% discount to the estimated market value, presenting strong growth potential and mid- to long-term capital appreciation opportunities, and an excellent entry point for overseas investors into the Cambodian capital market.
“This is not just PCG’s financial growth plan, it’s also an important milestone for Cambodia’s real estate industry as it enters the capital market,” said Ms. Smallove Teoh, the General Manager of PCG after the event. “Through this roadshow, we’re not only introducing our IPO, but also sharing the brand value and future vision of Picasso City Garden. We look forward to welcoming investors from different places to join us in building a better and more forward-looking city together.”
As PCG advances toward its public listing, the company warmly invites the public and potential investors to participate in the PCG IPO share subscription, contributing to Cambodia’s dynamic capital market. In addition, PCG will continue hosting IPO Roadshows in Phnom Penh and across various provinces, providing valuable insights and opportunities to engage directly with the company’s vision and growth strategy. Interested participants are encouraged to scan the QR code to register for upcoming roadshows or contact us via [012 286 220] for more information.
