Stock Market

PickMe Shares Start Trading on CSE Amid High Demand

Shares of Digital Mobility Solutions Lanka Ltd, trading under the code PKME-N-0000, officially commenced on the Colombo Stock Exchange (CSE) on October 3, 2024, highlighted by a special Bell Ringing Ceremony. The company’s shares are now listed on the Main Board of the CSE in the ‘Passenger Ground Transportation’ sector.

The Offer for Sale, comprising 43,474,179 ordinary voting shares priced at LKR 36 each, saw an impressive oversubscription rate of 2.7 times, reflecting robust investor confidence in the company’s future prospects.

CSE Chairman Dilshan Wirasekara congratulated Digital Mobility Solutions Lanka Ltd, stating, “We are thrilled to welcome PickMe to the CSE. This listing is a significant milestone for both the company and Sri Lanka’s capital market, and we eagerly anticipate their continued growth.”

Ajit Gunewardene, Chairman and Director of Digital Mobility Solutions Lanka Ltd, shared his reflections on the milestone, saying, “This journey has taken a decade, transforming a simple idea into a publicly listed company on the main board of the CSE.”

He added, “This achievement highlights the combination of strong governance, visionary investors, and outstanding execution by a world-class team, all fueled by the transformative power of technology. As a tech-driven business, we have vast growth opportunities, with innovation and scalability constantly paving the way for expansion and value creation.”

Jiffry Zulfer, Founder and CEO of Digital Mobility Solutions Lanka Ltd, remarked, “PickMe started as a simple idea that has evolved into a life-changing solution. This transformation is realized through the intricate process of digitization, leading to revolutionary wealth, prosperity, and convenience in daily life. Achieving this requires a commitment to change!”