Overseas Nepali workers drive Himalayan re-insurance IPO with 60% application surge

KATHMANDU: Himalayan Re-Insurance’s IPO has garnered significant traction, with over 60 percent of applications received by Sunday.

The company rolled out its IPO targeting Nepalis employed overseas at a premium rate since the previous Monday. As of Sunday evening, a total of 28,479 applicants have sought to acquire 3,482,900 shares.