Phnom Penh, Cambodia – October 03, 2025 – Picasso City Garden Development Plc. (“PCG”) received approval on Listing Eligibility Review from Cambodia Securities Exchange (“CSX”)and on Initial Public Offering of Equity Securities from the Securities and Exchange Regulator of Cambodia (“SERC”) and to be listed on the CSX’s Growth Board. PCG will become the first company to list in Cambodia in 2025, trading under the ticker PCG.
As the sole underwriter and advisor of PCG’s first IPO project, Cambodia Securities Plc. extends its warmest congratulations.
*The Approval Letter Issued by the Securities and Exchange Regulator of Cambodia (SERC)
This milestone not only marks a significant step in PCG’s own development journey but also signals the growing recognition of Cambodia’s capital market among both domestic and international investors.
The listing of PCG represents an important step toward the internationalization of Cambodia’s capital market and carries historic significance.
PCG will offer 10 million shares at an issue price of KHR4,800 (USD1.20) per share, with a commitment to distribute a 7% annual dividend for five consecutive years. Proceeds from the IPO will be used to advance the company’s new development project “Picasso Sky Gemme” and subsequent projects.
As the only authorized “Picasso” brand real estate enterprise in Asia, PCG has established a benchmark position in Phnom Penh’s high‑end residential market, supported by international‑grade building standards, a resilient earnings profile, and strong occupancy and lease‑renewal rates.
