Category: Corporate
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From “Unlock Secure Growth” to Earnings Collapse: How WealthTrust’s IPO Narrative Unravelled Within One Quarter
When WealthTrust Securities Limited came to the market in December 2025, the IPO was marketed as a discounted opportunity to participate in a high-return, capital-efficient primary dealer with “secure growth” prospects. The Prospectus justified an offer price of LKR 7 per share using valuation benchmarks ranging from LKR 7.52 to LKR 8.30 per share, anchored on strong historical