Picasso City Garden Development Plc. (Symbol: PCG) is the first listed company of 2025 and the 12th listed company in Cambodia’s securities market. It not only marks a significant milestone in the company’s development journey but also signifies the beginning of Cambodia’s capital market moving toward internationalization.
As the exclusive financial advisor and underwriter, Cambodia Securities Plc. extends its warmest congratulations to Picasso City Garden Development Co., Ltd. (Symbol: PCG), and expresses sincere gratitude to the Ministry of Economy and Finance, the Securities and Exchange Regulator of Cambodia, Cambodia Securities Exchange, all professional advisors in the IPO working group, domestic and international investors, and all parties whose valuable support contributed to this achievement. We look forward to continued support in the future.The successful listing of Picasso City Garden Development Plc. (Symbol: PCG) demonstrates the strong appeal of Cambodia’s capital market to international investors and provides a model and valuable experience for companies intending to list in Cambodia in the future.H.E. Dr. HEAN Sahib, Secretary of State of the Ministry of Economy and Finance and Chairman of the Exchange, stated that the Cambodian government has launched the “2025–2035 Capital Market 10-Year Master Plan.” This plan aligns with Cambodia’s long-term vision of becoming a high-income, strong, dynamic, and prosperous country by 2050, and promotes the development of the capital market at the policy level.
H.E. HONG Sok Hour, stated that CSX is actively promoting public engagement in the capital market through investor education and encouraging enterprises to plan their listings in Cambodia. At present, Cambodia has a total of 26 listed companies (including 14 bond issuers), having raised a total of USD 654 million from the capital market. The successful listing of Picasso City Garden Development Plc. demonstrates that Cambodia’s capital market is stable and has strong growth potential.
Mr. Darren Teng, Chairman of Cambodia Securities Plc., stated: “In 2024, Cambodia’s GDP per capita officially exceeded USD 2,000, indicating that Cambodia’s economy is entering a stage of rapid development. With the rapid growth of per capita GDP, Cambodia’s capital market will usher in its first wave of listings.”
He emphasized, “As one of the key drivers of Cambodia’s capital market, Cambodia Securities Plc. has been dedicated to promoting capital market development. Currently, Cambodia’s capital market offers low listing thresholds, fast processing, low costs, and easy fundraising. We encourage all small and medium-sized enterprises to plan their listings in Cambodia as early as possible, improve internal governance, and seize the opportunities provided by the capital market.”
