Mini IPO of Sagoon gets approval; all set to float IPO in America

Sagoon, a Washington D.C. based social commerce platform founded by Non Resident Nepalese, is all set to float mini Initial Public Offering (IPO) after receiving approval from the regulatory authorities. As per the official page of Sagoon, “Investors can apply for the IPO from February 9, 2017.” Sagoon is planning to raise around Rs 2 arba from the Mini IPO. Sagoon is issuing a total of 8 lakh 70 thousand units shares mini IPO at Rs 2,300 per share. Investors willing to apply in the IPO can invest minimum of $ 299 or around Rs 30 thousand which is equal to 13 units share and there is no maximum limit for the investment. Investors all over the world have shown concern regarding investment in Sagoon. The company is in the process of issuing mini IPO in its startup phase. However, investors cannot apply for the IPO from Nepal. Sagoon is the first startup company of South Asian Company in America to start Private Placement Offering and make general public a part of the company.