BSEC cautious about Robi's IPO approval

The securities regulator is likely to approve the IPO (initial public offering) proposal of the country's second largest mobile operator Robi Axiata streamlining its demands in line with the existing rules. Robi has urged the securities regulator and the government to fulfill a set of demands including an exemption from public issue rules so that the company can issue shares to its employees after listing with stock exchanges. "Some facilities should be offered to Robi.