CAL launches IPO portal to empower investors

Friday, 22 October 2021 00:00 - - {{hitsCtrl.values.hits}}

Fulfilling its promise to touch people’s lives, Capital Alliance (CAL) is empowering private investors with the chance to capitalise on investment opportunities by subscribing to Initial Public Offerings (IPOs) managed by CAL directly through its newly-launched IPO portal.

CAL’s reputation as Sri Lanka’s leading investment bank has been based on its pursuit of excellence in execution, research and product innovation, and developing a specialisation in originating, trading and investing in debt and equity securities over two decades.

Committed to inclusion, the newly-launched digital signature backed portal allows users to apply online for upcoming IPOs of companies intending to list on the Colombo Stock Exchange (CSE), making the investor bidding processes seamless, paperless, and contactless. CAL’s innovations give confidence to clients that change is necessary to meet the complex evolving needs of the markets – making it the ideal cutting-edge partner on the investment journey, be it a first-time or a veteran investor.

“CAL’s Investment Banking arm has a well-established position of market leadership in Initial Public Offerings, accruing expertise and experience that enabled us to streamline the process onto a widely accessible digital platform,” commented Head of Investment Banking at Capital Alliance Vishnu Balachandran.

“With the IPO portal, we are helping clients reimagine their IPO process, offering a wider investor reach to corporates seeking to raise capital in this new, increasingly contactless world,” he added.

The IPO portal, the latest feature to be added on to the company’s continuously expanding digital investment platform, ensures easy access and convenience for investors. Backed by digital signature technology for elevated authentication and security, registered users will also be able to receive notifications on future IPOs announced by CAL to better capitalise on investment opportunities.

“CAL continues to expand our contactless, secure and seamless digital investment ecosystem, addressing online security concerns, and utilising our capabilities to assist and better service our customers in this post-pandemic trading environment,” Capital Alliance Chief Information Officer Tharindra Kulasinghe stated.

“We are excited to open our digital offerings to a wider audience, as we witness a surge of retail participation in capital markets and we hope this new innovation will encourage more investors to come forward.”