Exterminators Limited created history yesterday, becoming the first-ever pest control firm to be listed on a stock exchange in South Asia & the developing and emerging world, the company announced.
Exterminators were listed on the Empower Board of Colombo Stock Exchange (CSE) on Wednesday following the oversubscription of its IPO offering. The Company offered 20 percent or 10 million ordinary voting shares, priced at Rs.6 per piece, in a bid to raise Rs.60 million.
“We are delighted to be South Asia’s first and among the few pest control companies in the world to be listed in a stock exchange. We take this opportunity to thank each and every investor who believed in us during these challenging times and all employees past and present, our valuable clients, all our stakeholders for helping us on this 24-year amazing journey to reach this significant milestone,” Exterminators, , Founder/Managing Director Marlon Ferreira said.
The Company plans to move into the Main Board of the CSE by 2025.
The share price of Exterminators was down to Rs.5.20 today from Rs.6 IPO price.