PCG IPO Roadshow Kicks Off in Phnom Penh - Global IPO Roadshows Officially Launched

Picasso City Garden Development Plc. (PCG) officially launched its global IPO roadshow this week, with the first event successfully held in Phnom Penh. The session attracted numerous institutional investors, real estate professionals, business leaders, and media representatives, filling the venue and reflecting the market’s strong interest and enthusiasm for PCG’s upcoming listing.

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During the event, the PCG team presented a detailed overview of the company’s growth journey, IPO issuance plan, and intended use of funds, with a particular focus on introducing its flagship project, “Picasso Sky Gemme.” Located in the heart of Phnom Penh’s BKK1 district, the 180-meter, 52-story landmark will become the tallest and most luxurious residential building in the city. With its unique brand positioning, construction quality, and “livable art gallery” design concept, the project has achieved strong brand differentiation and garnered significant market recognition.

According to the survey conducted at the event, over 70% of investors expressed high interest in PCG’s policy of a fixed 7% annual dividend for five consecutive years. The collected expressions of interest already exceeded the total number of shares offered. Several potential institutional investors also requested offering documents and subscription forms on-site, creating a highly engaged atmosphere.

The lead underwriter, Cambodia Securities Plc., stated that the Phnom Penh event marks the start of PCG’s global roadshow campaign. The team will next visit key Asian cities such as Shanghai, Shenzhen, Hong Kong, Chongqing, Malaysia, Singapore, Taiwan, and Tokyo, introducing Cambodia’s real estate market potential to international investors, particularly within the global Chinese investment community and property funds.

PCG emphasized that this IPO not only offers stable fixed dividends but is also priced at USD 1.20 per share, representing a 40% discount to the estimated market value, presenting strong growth potential and mid- to long-term capital appreciation opportunities, and an excellent entry point for overseas investors into the Cambodian capital market.

“This is not just PCG’s capital transformation,” said the CEO of PCG during a post-event interview. “It represents Cambodia’s urban renewal and the internationalization of branded real estate. We look forward to partnering with investors from around the world to participate in this visionary urban co-creation movement.”

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