Published by- Radha Rokaha    |   From- Washington DC     |     February 09, 2017    |     VIEWS
 
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KATHMANDU, Feb 9: Sagoon Inc., a US-based social commerce startup founded by a Nepali, has launched a Public Offering (Mini IPO) with an aim to raise USD 20 million from the general public globally.


At the press conference organized in the Capital City on Thursday, it was informed that people around the globe except from Nepal can file for an investment of minimum USD 299 through online.


The US Securities and Exchange Commission has approved Sagoon’s proposal a week ago. With the approval, the company has started selling of 8, 69,564 shares at a rate of USD 13 per share. One needs to purchase at least 13 shares.


"I was eagerly waiting to share this opportunity to people from my community, supporters and well-wishers who believed in our dream. It was been possible with the approval from the US Securities and Exchange Commission," said Sagoon’s founder Govinda Giri.


In an appeal made by Sagoon before launching the IPO, over 4,000 investors from USA, Canada, India, UK, South Korea, Japan, Australia, UAE and Israel among other countries had pledged over USD 7 million.

KATHMANDU, Feb 9: Sagoon Inc., a US-based social commerce startup founded by a Nepali, has launched a Public Offering (Mini IPO) with an aim to raise USD 20 million from the general public globally.


At the press conference organized in the Capital City on Thursday, it was informed that people around the globe except from Nepal can file for an investment of minimum USD 299 through online.


The US Securities and Exchange Commission has approved Sagoon’s proposal a week ago. With the approval, the company has started selling of 8, 69,564 shares at a rate of USD 13 per share. One needs to purchase at least 13 shares.


"I was eagerly waiting to share this opportunity to people from my community, supporters and well-wishers who believed in our dream. It was been possible with the approval from the US Securities and Exchange Commission," said Sagoon’s founder Govinda Giri.


In an appeal made by Sagoon before launching the IPO, over 4,000 investors from USA, Canada, India, UK, South Korea, Japan, Australia, UAE and Israel among other countries had pledged over USD 7 million. - See more at: http://dcnepal.com/news/english_news.php?nid=260711#sthash.lC2ITRNF.dpuf
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