Nepal, Sept. 27 -- A government task force has suggested bringing pre-IPO fundraising under a legal framework to protect investors and stabilize the market.

The panel, formed by Finance Minister Rameshore Khanal to propose measures for boosting investor confidence, noted that companies have been raising funds at a premium through social media platforms before officially issuing IPOs. It urged the government to introduce provisions to regulate such practices.

Published by HT Digital Content Services with permission from Republica....