PickMe Announces Exciting IPO on 13th September 2024

News Today: PickMe Announces Initial Public Offering

Digital Mobility Solutions Lanka Limited, the company behind PickMe, has announced its Initial Public Offering (IPO) on the Colombo Stock Exchange (CSE), set for September 13, 2024. The IPO will offer 43,474,179 existing ordinary voting shares at LKR 36.00 per share, with an issue size of Rs.1,565,070,444. This marks a key milestone for the digital mobility leader in Sri Lanka, which has revolutionized the ride-hailing and delivery market with its innovative platform.

PickMe’s CEO, Jiffry Zulfer, expressed excitement about the IPO, stating, “This is a pivotal step in our journey and an opportunity for investors to join us.” The company’s leadership credits its success to resilience in overcoming challenges like the Easter Sunday attacks, the COVID-19 pandemic, and recent economic disruptions. Chairman Ajit Gunewardene emphasized PickMe’s competitive edge through advanced technology, localisation, and a deep understanding of the Sri Lankan market.

With over 75,000 drivers, 900,000 customers, and 3,000 merchants, PickMe has a solid presence in Sri Lanka’s transportation ecosystem. The IPO will enable further growth and expansion, and the shares will be listed on the CSE main board.