Brain Station 23 signs IPO deal with UCB Investment

A new chapter of collaboration between Bangladesh’s financial and technology sectors has begun as Recently UCB Investment Limited (UCBIL) and Brain Station 23 PLC signed an Issue Management Agreement related to the company’s upcoming Initial Qualified Investor Offer (IQIO).

UCB Investment Limited, a fully owned subsidiary of United Commercial Bank PLC and one of the country’s leading merchant banks, will act as the Issue Manager for Brain Station 23 PLC — a top software services company in Bangladesh.

The signing ceremony marks a major milestone in Brain Station 23 PLC’s journey to the capital market and highlights a growing partnership between finance and technology aimed at fostering innovation and sustainable growth.

The agreement was signed in the presence of Tanzim Alamgir, Managing Director & CEO of UCB Investment Limited, and Raisul Kabir, Managing Director & CEO of Brain Station 23 PLC, along with senior officials from both organizations.
Speaking at the event, representatives from both sides emphasized that the partnership goes beyond a business collaboration—it symbolizes a bridge between the country’s financial and tech ecosystems. They expressed optimism that the initiative will enhance investor confidence and accelerate the participation of technology-driven companies in Bangladesh’s capital market.

As a full-fledged merchant bank, UCB Investment Limited has been actively supporting SMEs, IT firms, startups, and other innovative enterprises by offering financial advisory, issue management, and investment solutions to promote sustainable business expansion. This agreement further strengthens that commitment.

The IQIO initiative of Brain Station 23 PLC is being viewed as a significant step forward for Bangladesh’s innovation landscape and the country’s growing digital economy.

Both organizations believe this collaboration will set a new benchmark for partnership between finance and technology—contributing to the long-term growth of the capital market and the overall entrepreneurial ecosystem of Bangladesh.