As the market has changed and demonstrated an increased number of new issues in recent years, Mongolian Stock Exchange has revised the Primary Market Trading Rules of 2009 and sent it to FRC for acknowledgement on November 01, 2018. 

The price setting and allocation processes have been revised in accordance with the international best practices in the Rules. Also, it removed the overlapping and improved the practical application. For instance, it allows an underwriter to allocate up to 50 percent of the offering to strategic investors, and it sets top and bottom price bands in the bookbuilding approach which may be renewed once depending on the investor demands. 

We have reflected suggestions received from market participants during the open discussion and all market participants supported the amendments. 

MONGOLIAN STOCK EXCHANGE