Firouzeh Financial Development Group was listed as the 635th issuer, on the Main Board of the Second Market, under the ticker of “VFRZ” in the sector of “Investment Companies” offered 7% of its total shares at this session, equivalent to 1,260,000,000 shares, to the public at an offering price of IRR 2,777 per share.
The Group, established in 2004, is an investment holding and financial services company that provides a wide range of financial services, including asset management, investment funds, brokerage, advisory, and other financial intermediary activities.
Beyond its intermediary role, Firouzeh distinguishes itself through a robust direct investment portfolio, actively participating in diverse sectors of the national economy to drive value creation and sustainable growth.
With a focus on attracting foreign investors, Firouzeh initially had launched its international fund. This fund was the first foreign investment fund actively traded on Tehran Securities Exchange. Established in May 2006 under the name “Turquoise Iran Equity Fund”, it was created to attract foreign capital to Iran’s economy and successfully brought approximately USD 150 million in foreign investment into the Iranian capital market during its early years of operation.
It is worth mentioning that more than 1,227,567 trading codes participated in the IPO, and 1,219,444 trading codes were allocated a maximum of 1,101 shares each.
