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Pakistanis to list
The Securities and Exchange Commission of Pakistan (SECP) has approved the IPO of Wateen Telecom on the Karachi Stock Exchange.
Subscription of shares will be taken up on April 13, 14 and 15.
The firm hopes to raise around US$24m from the listing,…
The Securities and Exchange Commission of Pakistan (SECP) has approved the IPO of Wateen Telecom on the Karachi Stock Exchange.
Subscription of shares will be taken up on April 13, 14 and 15.
The firm hopes to raise around US$24m from the listing, offloading 200 million shares in the process.
The listing includes a greenshoe option of 90 million shares at the face value of Rs 10 per share.
The company is owned by Arab firm Abu Dhabi Group.
