REIT fund seeks Rs403m investment via IPO | The Express Tribune
KARACHI: TPL Real Estate Investment Trust (REIT) Fund-I is scheduled to offer a minimum of 1.25% (22.94 million) units at Rs17.59 per unit to the general public with the aim of raising Rs403 million in the ongoing week at the Pakistan Stock Exchange (PSX). Fund runners may opt for selling an additional 1.22% (22.39 million) […]
SoftBank-funded chipmaker Arm Holdings files for biggest US IPO of 2023
The image shows main building of mobile service corporation Softbank. — AFP SoftBank-funded Arm Holdings’ Group stated that it will opt for a US initial public offering (IPO) that is anticipated to be the largest listing of the year as a consequence of its annual revenue’s 1% fall slowing down its smartphone sales. Its IPO […]
PSX prepares for tech powerhouse IPO | The Express Tribune
KARACHI: Excitement is brewing at the Pakistan Stock Exchange (PSX) as the first company of fiscal year 2024 is set to join its main board next month. Summetry Group, a dynamic tech company, has announced plans to raise a minimum equity of Rs430.27 million by offering 101.24 million shares to institutional and individual investors. The […]
Middle Eastern firms push IPO plans to 2024 | The Express Tribune
DUBAI: Several Middle Eastern companies are planning initial public offerings (IPOs) in 2024 instead of this year, a senior Bank of America executive said, amid worries of a global recession. The global IPO market has been in the doldrums since the start of the Russia-Ukraine conflict in 2022 and a spike in inflation dampened risk […]
SECP green lights Symmetry Group IPO | The Express Tribune
The Securities and Exchange Commission of Pakistan (SECP) has given approval to Symmetry Group Limited, a renowned digital technology and experiences company based in Pakistan, for its Initial Public Offering (IPO). This significant milestone allows Symmetry Group to move forward with its plans to launch the IPO and offer shares to the public. Symmetry Group is a leading […]