Trends - IPO - Business Recorder

IPO

Indian food delivery giant Zomato eyes $1.3bn IPO

MUMBAI: Indian food delivery giant Zomato announced plans Thursday to raise 93.75 billion rupees ($1.3 billion) via...

Published 12 Jul, 2021 05:26am

Pakistan

FF Steel launches franchise network

PESHAWAR: FF Steel has become the first company in Pakistan to launch a franchise network in the country. The...

Published 06 Jul, 2021 03:48am

Business & Finance

Aided by economic recovery, Pakistan sees IPO record in FY21

Witnesses 8 initial public offerings that raised a record Rs20.18 billion
Development comes in tandem with gain in KSE-100 Index during July-Jun

Published 29 Jun, 2021 10:19pm

Markets

Pakistan Stock Exchange: General subscription of PABC IPO to begin today

KARACHI: The general public will subscribe 23.4 million shares, 25 percent of the total offer size of PABC IPO on...

Published 29 Jun, 2021 03:24am

Business & Finance

KSE-100 Index breaks three-day losing streak

Ends 62 points higher but stays below 48,000

Published 24 Jun, 2021 05:16pm

Pakistan

PABC’s IPO raises Rs4.6bn through book building

KARACHI: The book-building phase of Pakistan Aluminium Beverage Cans Limited (PABC)’s Initial Public Offer (IPO)...

Published 24 Jun, 2021 03:36am

Business & Finance

PABC's IPO oversubscribed as hungry investors take price to Rs49

Bids for 233 million shares made against offer of 93.8 million

Published 23 Jun, 2021 06:18pm

Business & Finance

PABC gears up as Pakistan’s eighth IPO this fiscal year, highest since 2009-10

Book-building set to take place on June 22 and 23
Pakistan Aluminium Beverage Cans Limited looks to double penetration in beverage can business

Updated 18 Jun, 2021 11:45pm

Pakistan

IPO oversubscribed: Citi Pharma raises Rs2.32bn in book building

KARACHI: The book-building process of Citi Pharma’s Initial Public Offer (IPO) has concluded with an...

Published 17 Jun, 2021 03:27am

IPO: Citi Pharma plans to raise Rs2.8bn

KARACHI: Lahore-based Citi Pharma Limited is planning to raise up to Rs2.8 billion by offering a 35 percent stake to...

Published 05 Jun, 2021 04:08am

Markets

Suse IPO expected to price IPO towards lower end of range

SUSE, whose open-source software helps run applications on cloud servers, mainframe computers and devices at the edges of networks, is slated to see its shares debut on the Frankfurt stock exchange on Wednesday.
EQT will remain the company's largest shareholder with a stake of 77.6%. It acquired SUSE in 2018 for $2.5 billion and stands to double its money.

Published 17 May, 2021 06:51pm

Business & Finance

AIG says will use IPO to sell life and retirement unit

"An IPO allows AIG to retain maximum flexibility regarding the operations of the business as well as the separation process."
The life and retirement unit, which sells insurance and annuities, reported $941 million in adjusted pretax income in the first quarter, up 57% from a year ago, AIG said on Thursday. But premiums fell by 53% to $600 million.

Published 07 May, 2021 06:46pm

Business & Finance

INX estimates $125m raised in equity, token offerings

NEW YORK: INX Ltd, the blockchain-based global trading platform for digital securities and cryptocurrencies, said on...

Updated 04 May, 2021 09:51am

Markets

PSX holds gong ceremony on listing of Service Global Footwear Limited

KARACHI: In an exciting development at Pakistan Stock Exchange (PSX), yet another company has been listed on the...

Published 29 Apr, 2021 03:52am

Markets

Japanese shares dip

TOKYO: Japanese shares inched lower on Tuesday as a slew of corporate earnings failed to meet investors’ high...

Published 28 Apr, 2021 03:18am

Markets

South Korea's SKIET raises $2bn in country's hottest ever IPO

SKIET's shares were priced at 105,000 won each which was the top of the range announced in a regulatory filing last month to raise about 2.2 trillion won ($1.98 billion).
The pricing values the battery material maker at 7.5 trillion won, which analysts said should be enough lift the company into the benchmark KOSPI 200 index.

Published 26 Apr, 2021 05:21pm

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

Pakistan

Royalty issue: IPO advises artists to scrutinise contracts before signing

ISLAMABAD: The Intellectual Property Organization Pakistan (IPO-Pak) on Sunday urged the artists to minutely examine...

Updated 26 Apr, 2021 10:16am

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

China to tighten scrutiny of STAR listings

Companies engaging in real estate and companies mainly engaging in financial investment business will be barred from listing on the STAR Market, CSRC said.
CSRC also said it would tighten scrutiny of companies engaging in fintech and restrict their listings on the STAR Market.

Published 16 Apr, 2021 04:55pm

Business & Finance

Coinbase reference price set at $250/share, values exchange at $65bn

That price for Coinbase, which has opted against a traditional IPO but instead will use a direct listing, means the company is valued at $65.3 billion.

Published 14 Apr, 2021 10:27am

Business & Finance

South Korea's construction firm Hyundai Engineering prepares for IPO

Hyundai Engineering & Construction Co Ltd owns 38.6% of Hyundai Engineering, while Hyundai Motor Group chairman Euisun Chung has a 11.7% stake in the firm.

Published 13 Apr, 2021 12:43pm

Business & Finance

Coinbase brings cryptocurrencies to Wall Street

Another factor that could put Coinbase at a disadvantage is its commissions, which the company uses to earn money.

Updated 13 Apr, 2021 04:32pm

Markets

China’s Didi picks Goldman, Morgan Stanley for mega US IPO

HONG KONG: China’s top ride-hailing firm Didi Chuxing has mandated Goldman Sachs and Morgan Stanley to lead its...

Published 12 Apr, 2021 03:59am

Business & Finance

China's Didi picks Goldman, Morgan Stanley for mega U.S. IPO - sources

Didi, backed by Asian technology investment giants SoftBank, Alibaba and Tencent, is looking to list as soon as July, according to the people.

Published 10 Apr, 2021 10:24am

Markets

PSX inks agreement to launch E-IPO System

8 The E-IPO system will electronically connect investors, share registrars with brokers / TRE Certificate holders, banks via 1LINK, and the shares custodial company, Central Depository Company (CDC) on a real-time basis with a simplified end-to-end customer experience.

Published 02 Apr, 2021 12:05pm

Markets

FTSE down; Deliveroo slumps in debut

LONDON: London’s FTSE 100 fell on Wednesday, as firmer Treasury yields weighed on several sectors, while food...

Published 01 Apr, 2021 04:10am

Markets

European stocks flat

ROTTERDAM/LONDON: European stocks were flat on Wednesday as a 30% slump for delivery company Deliveroo in its London...

Published 01 Apr, 2021 04:10am

Business & Finance

IPO: SGFL appoints AHL as lead manager

KARACHI: Service Global Footwear Limited (SGFL) has appointed Arif Habib Limited as the lead manager and book runner...

Published 31 Mar, 2021 05:42am

Business & Finance

Software firm MessageBird CEO says sales passed $300mn in 2020

Software company MessageBird sales pass $300 mln in 2020.
MessageBird buys Dutch video firm 24sessions for undisclosed sum.
MessageBird CEO: company spent $100 mln on three acquisitions.

Published 30 Mar, 2021 06:58pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 17	5303.27
India Sensex / May 17	73917.03
Tokyo Nikkei / May 17	38787.38
Nasdaq / May 17	16685.97
Hang Seng / May 17	19535.61
FTSE 100 / May 17	8420.26
Dow Jones / May 17	40003.59
Germany DAX 30 / May 17	18704.42

Item	Value
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210562
Gold Spot USD/Ounce / May 17	2386.18
Cotton US¢/pound / May 17	76.29
Petrol/Litre / May 20	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 20 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 20 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 20 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 20 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 20 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 20 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 20 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 20 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 20 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 20 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 20 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 20 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 20 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 20 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 20 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 20 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 20 Telecard Limited(TELE)	12,358,668 ▲ 0.00

Markets →

Calculate your monthly liability in FY24

IPO

Most Popular