Dialog Rings 10 Years on the Bourse

Director (DIAL and CSE) Mr. Moksevi Prelis, Director/Group Chief Executive (DIAL) Dr. Hans Wijayasuriya, Chairman (DIAL) Datuk Azzat Kamaludin, Chairman (CSE) Mr. Vajira Kulatilaka and CEO (CSE) Mr. Rajeeva Bandaranaike ringing the ceremonial opening bell.

Sri Lanka’s 1st Billion Dollar Company Retains Largest IPO Record for a Decade

The Colombo Stock Exchange (CSE) feted Dialog Axiata with an invitation for the symbolic bell-ringing ceremony to commence the day’s trading.

Dialog Axiata PLC celebrated 10 years on the Colombo Stock Exchange (CSE) on 7th July 2015 (7-7-2015) a full decade after its record breaking IPO on the 7th of July 2005. The company was feted by the CSE at a special marketing opening ceremony with the Chairman of the CSE Vajira Kulatilleke inviting Datuk Azzat Kamaludin, Chairman of Dialog Axata PLC to 'ring the bell' at the commencement of trading on 8th of July.

Having commenced commercial operations in July 1995, Dialog held its Initial Public Offering in July 2005. Dialog’s IPO remains the largest ever listing on the CSE to date at a value of over Rs. 8.5 billion. The shares were oversubscribed 6.5 times with over Rs. 56.2 billion in subscriptions. Dialog also rose to being Sri Lanka’s first Billion Dollar company shortly after the opening of trading.

Sri Lanka’s largest Foreign Direct Investor with over USD 1.7 billion in investments, Dialog is credited with propelling the country’s mobile telephone infrastructure to a level of advancement on par with the developed world.

The Dialog IPO in 2005 also received the highest level of overseas subscriptions of Rs. 40 billion, plus, the highest recorded number of trades of 13,254 the same year.