Trends - Initial Public Offering

Initial Public Offering

Barkat Frisian IPO oversubscribed, hits maximum price on opening day

Barkat Frisian Agro Limited – a joint venture of Frisian Egg Group of Netherlands and Pakistan’s Buksh Group – hit...

Updated 17 Feb, 2025 11:04pm

Markets

Pakistan’s B2B platform Zarea plans IPO

Zarea Limited, one of Pakistan’s largest commodities B2B platforms, is planning an initial public offering (IPO) at...

Updated 31 Jan, 2025 08:30pm

Markets

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 30	281
USD PKR Interbank Buying / Apr 30	280.80
USD to Japanese Yen / Apr 30	142.60
USD to Swiss Franc / Apr 30	0.82
Pound Sterling to USD / Apr 30	1.34
Euro to USD / Apr 30	1.14
UK LIBOR % / Apr 29	4.96

Stock	Volume
S&P 500 / Apr 29	5,560.83
Nasdaq / Apr 29	17,461.32
Dow Jones / Apr 29	40,527.62
India Sensex / Apr 30	80,370.20
Tokyo Nikkei / Apr 30	36,045.38
Hang Seng / Apr 30	22,093.15
FTSE 100 / Apr 30	8,462.69
Germany DAX 30 / Apr 30	22,537.67
France CAC40 / Apr 30	7,587.60

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 29	16,985
Gold 10 Grams PKR / Apr 29	299,382
Crude Oil USD/Barrel / Apr 30	59.69
Gold Spot USD/Ounce / Apr 30	3,304.44
Cotton US¢/pound / Apr 30	66.29
Petrol/Litre / May 1	254.63
Diesel/Litre / May 1	258.64

Gainers
Losers
Leaders

Stock	Price
J.A.Textile / Apr 30 J.A. Textile Mills Limited(JATM)	20.90 ▲ 1.9 (10%)
Punjab Oil / Apr 30 Punjab Oil Mills Limited(POML)	178.67 ▲ 16.24 (10%)
PIA Holding Co.B / Apr 30 PIA Holding Company Limited B(PIAHCLB)	4,366.33 ▲ 396.94 (10%)
First Elite Cap.Mod / Apr 30 First Elite Capital Modaraba(FECM)	12.68 ▲ 1.15 (9.97%)
Jubilee Spinning / Apr 30 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	12.70 ▲ 1.15 (9.96%)
Shakarganj / Apr 30 Shakarganj Limited(SML)	52.29 ▲ 4.35 (9.07%)
Burshane LPG / Apr 30 Burshane LPG (Pakistan) Limited(BPL)	29.03 ▲ 2.03 (7.52%)
Engro Poly(Pref / Apr 30 Engro Poly(Pref)(EPCLPS)	11.99 ▲ 0.81 (7.25%)
Sakrand Sugar / Apr 30 Sakrand Sugar Mills Limited(SKRS)	12.23 ▲ 0.81 (7.09%)
Intermarket Securities / Apr 30 Intermarket Securities Limited(IMS)	45.97 ▲ 2.98 (6.93%)

Stock	Price
United Brands / Apr 30 United Brands Limited(UBDL)	20.93 ▼ -2.33 (-10.02%)
AGP Limited / Apr 30 AGP Limited(AGP)	186.05 ▼ -20.67 (-10%)
Sunrays Textile / Apr 30 Sunrays Textile Mills Limited(SUTM)	170.30 ▼ -18.92 (-10%)
Chakwal Spinning / Apr 30 Chakwal Spinning Mills Limited(CWSM)	47.64 ▼ -5.29 (-9.99%)
Kohinoor Energy / Apr 30 Kohinoor Energy Limited(KOHE)	17.76 ▼ -1.97 (-9.98%)
Adamjee Life Assur. / Apr 30 Adamjee Life Assurance Company Limited(ALIFE)	25.23 ▼ -2.79 (-9.96%)
Bela Auto / Apr 30 Bela Automotives Limited(BELA)	127 ▼ -14 (-9.93%)
National Silk / Apr 30 The National Silk & Rayon Mills Limited(NSRM)	42.46 ▼ -4.67 (-9.91%)
Nishat Mills Ltd / Apr 30 Nishat Mills Limited(NML)	101.35 ▼ -11.12 (-9.89%)
Amtex Ltd / Apr 30 Amtex Limited(AMTEX)	2.30 ▼ -0.25 (-9.8%)

Stock	Volume
Cnergyico PK / Apr 30 Cnergyico PK Limited(CNERGY)	46,167,601 ▼ -0.72
WorldCall Telecom / Apr 30 Worldcall Telecom Limited(WTL)	40,695,095 ▼ -0.01
B.O.Punjab / Apr 30 The Bank of Punjab(BOP)	20,001,384 ▼ -0.36
K-Electric Ltd. / Apr 30 K-Electric Limited(KEL)	17,624,493 ▼ -0.11
Maple Leaf Cement / Apr 30 Maple Leaf Cement Factory Limited(MLCF)	15,370,507 ▼ -1.87
Power Cement / Apr 30 Power Cement Limited(POWER)	14,502,204 ▼ -0.43
Sui South Gas / Apr 30 Sui Southern Gas Company Limited(SSGC)	14,104,286 ▼ -2.06
Sui North Gas / Apr 30 Sui Northern Gas Pipelines Limited(SNGP)	13,883,713 ▲ 0.45
Fauji Cement / Apr 30 Fauji Cement Company Limited(FCCL)	13,723,423 ▼ -0.92
At-Tahur Ltd. / Apr 30 At-Tahur Limited(PREMA)	13,002,379 ▼ -6.85

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Initial Public Offering

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