IPO
Invescore NBFI has been operational since 2016. In 2019, it launched its inaugural Initial Public Offering (IPO) on the Mongolian Stock Exchange. This IPO marked a significant milestone, being the largest in the history of the Mongolian Stock Exchange. The main underwriter for this landmark event was TDB Capital LLC, with Invescore Capital LLC playing a crucial role as the assisting underwriter.
In 2019, the company made a strategic decision to offer 15% of its total stocks, amounting to 10,759,188 shares, to the general public, while allocating the remaining 85% to strategic investors. This move proved to be highly successful, as investors expressed robust interest, offering stocks valued at 18.9 billion Mongolian tugriks. This enthusiastic response not only met but exceeded expectations for the company's inaugural stock launch.
In 2019, during its initial launch, Invescore NBFI quickly established itself as the 3rd ranked stock screener. The company's trajectory of success continued, with it being recognized as one of the top 20 companies in Mongolia in 2020. By 2021, Invescore NBFI had further solidified its market position. Due to its robust market share, comprehensive financial reporting, and an impressive loan portfolio, the company ascended to the 1st position in the stock screener rankings.