"Ard Daatgal" JSC, the one of the first insurance companies listed on the MSE, has closed the offering of its 30 percent or 7.5 million shares to public. The total subscription for the stock has totaled 9,954,848 shares which was an oversubscription of 32.7 percent, ordered by 1,367 individuals and business entities. 

The shares allocation report has been delivered to FRC and the secondary market trading will commence under the symbol “AIC” upon FRC’s declaration of the company’s IPO as successful.

Source: Mongolian Stock Exchange