Trends - Initial Public Offering

Initial Public Offering

Pakistan’s IPO market sees strong revival in 2024 with Rs8bn raised on PSX so far

The IPO market in Pakistan has seen a remarkable revival in 2024, as the Pakistan Stock Exchange (PSX) witnessed...

Updated 26 Oct, 2024 08:31pm

Business & Finance

SECP drafts recommendations for improvement in public offering regime

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has drafted major recommendations for...

Published 07 Sep, 2024 06:59am

Technology

IPO very much on the cards, says Jazz CEO Aamir Ibrahim

KARACHI: Jazz CEO Aamir Ibrahim has said going public is “very much on the cards” with further clarity emerging in...

Updated 02 Aug, 2024 04:53pm

Markets

Secure Logistics Group plans IPO, eyes raising at least $2.7mn: report

Pakistan’s Secure Logistics Group Ltd (SLG) is planning an initial public offering (IPO) ) at the Pakistan Stock...

Updated 05 Jan, 2024 06:11pm

Govt mulls IPO for three major power distribution companies

KARACHI: Pakistan is considering selling stakes in three high performing state-owned power distribution companies...

Updated 07 Sep, 2023 09:50am

Markets

Dalda Foods plans to raise as much as Rs4.6bn through IPO: report

At Rs4.6 billion, Dalda’s IPO would be Pakistan’s largest by a consumer staple company, according to the report

Updated 23 Jan, 2023 10:29pm

Opinion

Whoosh tests Russian IPO interest as foreign investors frozen out

Corporate Russia is watching closely this week as electric scooter firm Whoosh braves Russian economic isolation ...

Published 14 Dec, 2022 05:57am

Business & Finance

Investors mixed as Porsche seeks price tag of up to $75bn

BERLIN: Volkswagen shares hovered around breakeven on Monday, reflecting a mixed response from investors to the...

Published 20 Sep, 2022 07:20am

Business & Finance

Volkswagen targets 70-75 billion euros valuation in planned Porsche IPO

HAMBURG: Volkswagen is targetting a valuation of 70 billion to 75 billion euros ($70.1-75.1 billion) for luxury...

Published 18 Sep, 2022 11:23pm

Markets

Books in Ariston IPO covered on full deal

MILAN: Books in the initial public offering (IPO) of Italian heating solutions group Ariston are covered within the...

Published 22 Nov, 2021 05:31am

Business & Finance

GGL set to launch IPO of subsidiary Ghani Chemicals Industries

Riding the wave of fresh public listings, Ghani Global Holdings Limited (GGL), a Lahore-based industrial and...

Published 04 Oct, 2021 03:17pm

Business & Finance

Octopus Digital's IPO oversubscribed by over 27 times, strike price at Rs40.6

Book-building of Pakistan's Octopus Digital resulted in a strike price of Rs40.6 -- the highest possible -- with the...

Updated 11 Sep, 2021 11:03am

Business & Finance

Octopus Digital going public: First tech IPO in 7 years

KARACHI: Octopus Digital is going for its Initial Public Offering (IPO) this month marking the first tech IPO in ...

Updated 09 Sep, 2021 12:21pm

Markets

Abu Dhabi leads Gulf higher as Yahsat makes strong debut

DUBAI: Most major Gulf markets closed higher on Wednesday with Abu Dhabi stocks leading gains, as Mubadala-backed...

Published 15 Jul, 2021 04:03am

Markets

China’s Didi adds banks to work on mega US IPO

HONG KONG: China’s biggest ride-hailing company Didi Chuxing has appointed five more investment banks to work as...

Published 21 Jun, 2021 03:43am

Markets

Poundland owner picks Warsaw over London for Pepco listing

Poland is Pepco's biggest market.
Could be Poland's biggest IPO this year.
Sources value group at around 5 bln euros.
Says well positioned for growth.
Names Richard Burrows chairman.

Published 26 Apr, 2021 04:36pm

Markets

Thai Beverage defers IPO plans for regional beer business on market uncertainty

The spin-off by the company, controlled by one of Thailand's richest men, was set to be the largest initial public offering in the city-state in nearly a decade. Reuters had reported earlier that the IPO could raise about $2 billion.

Published 16 Apr, 2021 06:25pm

Markets

Self-driving truck startup TuSimple eyes over $8bn valuation in US IPO

The company said it aims to raise about $1.3 billion in its offering by selling around 34 million shares at a price range between $35 and $39 apiece.
TuSimple is the third company to announce plans to raise more than $1 billion through share sales on Wednesday, as companies continue to tap into the red-hot US IPO market.

Published 07 Apr, 2021 06:24pm

Markets

Hong Kong dollar softens to 7.78 vs US dollar, weakest since March 2020

As the Fed pledged no rate hikes until 2023-end, short-term interest rate differential remained narrow and the carry trade was not in play.

Published 07 Apr, 2021 01:12pm

Markets

Deliveroo set for £7.6bn London IPO: source close to the matter

Deliveroo's initial public offering due Wednesday will be priced at £3.90 per share.

Published 30 Mar, 2021 01:15pm

World

China’s regulator for tighter IPO scrutiny

SHANGHAI: China's top securities regulator on Saturday urged underwriters to tighten scrutiny on companies seeking ...

Updated 21 Mar, 2021 05:50pm

Markets

India's Kalyan Jewellers IPO loses shine, sees tepid demand

The numbers compare unfavourably to other listings this year, including for paint maker Indigo Paints Ltd, which was 50 times oversubscribed, and engineering firm MTAR Technologies Ltd, oversubscribed more than 100 times.
Kalyan's offering of 95.71 million shares - worth 8.33 billion rupees at the upper end of the company's IPO price range of 86-87 rupees per share - had drawn bids by 1130 GMT on Thursday worth 10.66 billion rupees ($146.6 million).

Published 18 Mar, 2021 07:51pm

Business & Finance

Pakistan shoe exporter to launch IPO this month

The shoemaker plans to raise at least Rs 1.6 billion or $10 million by offering 41 million shares at a price of Rs 38 each, Habib said.

Published 16 Mar, 2021 03:02pm

Markets

German solar car firm Sono Motors explores US stock market listing

Sono Motors is developing an electric car that uses solar panels on its outside to power its batteries, but which can also be charged using a plug. The solar panels generate energy worth on average 112 kilometers a week.
Special purpose acquisition companies raise funds in an initial public offering with the aim of buying a private firm, which then automatically gets a stock market listing.

Updated 15 Mar, 2021 09:24pm

Markets

PSX, NIFT sign agreement to launch E-IPO system

KARACHI: Pakistan Stock Exchange (PSX) and National Institutional Facilitation Technologies (NIFT) signed an...

Published 03 Mar, 2021 05:49am

Markets

Oprah-backed Oatly plants IPO seed with private regulatory filing

Oatly, known for its oat milk products, has tie-ups with several cafes in the United States, including Starbucks and also sells its products online and in retail stores.
Oatly raised a $200 million equity investment in July last year from a group led by Blackstone Group Inc that includes Oprah Winfrey, Natalie Portman and former Starbucks Corp chief Howard Schultz.

Published 23 Feb, 2021 05:11pm

Markets

Mortgage vendor IPO woes reflect US housing market peak

Five mortgage vendors have scaled back or canceled plans to go public in the last four months, as investors flinched at their frothy valuations.
Investors don't like buying into a company at the start of a down cycle, and mortgage originations are an extremely cyclical business.

Published 22 Feb, 2021 06:54pm

Markets

Alec Gores, Guggenheim-backed SPAC seeks to raise $750 million via IPO

Gores Guggenheim, co-sponsored by Gores Group LLC and Guggenheim, said it plans to sell 75 million units composed of shares and warrants, priced at $10 per unit on the Nasdaq Capital Market.
Another Gores-backed SPAC, Gores Holdings VI Inc, earlier this month agreed to take 3D camera maker Matterport Inc public for $2.9 billion.

Published 22 Feb, 2021 06:04pm

Markets

AmTrust CEO-backed SPAC files for $300mn IPO

Pine Technology Acquisition Corp said it plans to sell 30 million units, made up of shares and warrants, priced at $10 per share on the Nasdaq Capital Market.
SPACs are shell companies that raise funds through an IPO to acquire a private company, which becomes public as a result of the merger.

Published 19 Feb, 2021 05:15pm

Markets

Panther Tyres to issue 40m ordinary shares

KARACHI: Panther Tyres Limited has planned to issue 40 million ordinary shares (28.57 percent of post IPO paid-up...

Published 26 Jan, 2021 05:05am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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