Prospective companies educated about public listing process
Third IPO Summit discusses the benefits of going public to raise funds.
SECP was the lead patron for the third IPO Summit held by the South Asian Federation of Exchanges (SAFE). PHOTO: FILE
LAHORE:
Hascol Petroleum and Avanceon Solutions will be publicly listed sometime this year, while Roshan Packages and Mughal Steels are also working towards getting listed in the medium-term, officials of the companies said during the Pakistan Initial Public Offering (IPO) Summit 2013.
This was the third such summit held by the South Asian Federation of Exchanges (SAFE) under the banner of the Securities and Exchange Commission of Pakistan, which was the lead patron for the event. Collaborators included various capital market institutions of the country.
A major objective of the summit was to highlight how domestic markets can assist companies wishing to raise funds from the general public to finance their future growth, and to educate them about the steps involved in bringing their companies to the market.
The event provided a platform to representatives of companies that wish to go public to build contacts for future cooperation with the investment and financial services industry.
The event attracted representatives from 27 potential issuers, along with 50 entities from the corporate finance fraternity. As per the record of past IPO Summits, about two dozen potential companies had been identified for public listing, out of which a few are known to be in the process of having due diligence conducted by financial advisers. They are now weighing their options for the ideal time to go public.
Published in The Express Tribune, April 30th, 2013.
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Hascol Petroleum and Avanceon Solutions will be publicly listed sometime this year, while Roshan Packages and Mughal Steels are also working towards getting listed in the medium-term, officials of the companies said during the Pakistan Initial Public Offering (IPO) Summit 2013.
This was the third such summit held by the South Asian Federation of Exchanges (SAFE) under the banner of the Securities and Exchange Commission of Pakistan, which was the lead patron for the event. Collaborators included various capital market institutions of the country.
A major objective of the summit was to highlight how domestic markets can assist companies wishing to raise funds from the general public to finance their future growth, and to educate them about the steps involved in bringing their companies to the market.
The event provided a platform to representatives of companies that wish to go public to build contacts for future cooperation with the investment and financial services industry.
The event attracted representatives from 27 potential issuers, along with 50 entities from the corporate finance fraternity. As per the record of past IPO Summits, about two dozen potential companies had been identified for public listing, out of which a few are known to be in the process of having due diligence conducted by financial advisers. They are now weighing their options for the ideal time to go public.
Published in The Express Tribune, April 30th, 2013.
Like Business on Facebook to stay informed and join in the conversation.