Salpa Development Bank will open the first phase of its IPO for Nepali migrant workers starting December 11. The bank is issuing 5,223,880 shares, representing 33 percent of its total capital. Of the public portion, 172,388 shares are reserved for Nepalis working abroad. Eligible applicants may apply for a minimum of 10 shares and a maximum of 25,000. The subscription closes on December 15 but may extend to December 25 if undersubscribed.
