The “Mongolian Mortgage Corporation”, known by its Mongolian acronym (MIC), is part of “MIC Holding”. They have announced that they are changing their company status in order to become an openstock company. Therefore, “MIC” is going to offer its additional stocks to the public. Seven years ago, in April 2008, The Bank of Mongolia and ten commercial banks established “MIC”. Since then it grown into a large company, with property assets of MNT 1.8 trillion, and business assets of MNT 213.7 million.

“MIC”has claimed that they are going to raise MNT 37.3 billion from the international stock market via an IPO. In order to undertake this, they have chosen “TDB Capital U.Ts.K” as the underwriter. “MIC” plans to exchange 3,106,398 stocks for MNT 12,000 through the public sale.