Concordia Pcl to launch Myanmar's first main-board IPO in three years
The medical and engineering equipment distributor aims to raise $200,000 through the listing to prepare for long-term growth.
Concordia Pcl plans to raise approximately $200,000 through an initial public offering (IPO) in Myanmar, according to a report by Mint. The company intends to become the ninth firm to list on the main board of the Yangon Stock Exchange (YSX).
Chairman Than Win said the listing is meant to prepare the family-owned business for long-term growth rather than to fund immediate expansion. He stated in a Yangon office that the company is building an enterprise to thrive over the next 10 to 20 years.
The distributor of medical and engineering equipment faces a landscape of economic disruption and international isolation following the 2021 military takeover. Concordia noted that import restrictions have caused some machinery to take over a year to arrive, prompting plans to eventually manufacture products locally.
Than Win said the company wants to use foreign technology and capital to produce items such as kidney dialysis consumables to avoid high freight and customs costs. He added that they are positioning themselves for when economic and political conditions stabilise.
The YSX Chief Operating Officer Min Thu said the benchmark Myanpix index has averaged in the 800-point range this year. He noted that investor interest has increased since early 2026 and that Concordia represents the start of a pipeline of potential listings.
Concordia is expected to start trading on the YSX in late December or early January. Min Thu said the exchange expects another company to join the pre-listing board by March and hopes for another main-board listing by the end of 2027.