Lahore-based assembler of Chinese cellphone brands to go public with ‘biggest ever’ IPO


Source: inp.net.pk inp.net.pk

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JS Global Capital is the book runner to the IPO. In an announcement on social media over the weekend, JS Global CEO Kamran Nasir said that it will be the biggest ever IPO in Pakistan. In 2019, Faisalabad-based textiles manufacturer Interloop Ltd. raised Rs5.025 billion through the IPO. In April this year, the prominent footwear exporter Service Global Footwear Ltd., raised Rs2.175 billion through an IPO to fund its joint venture with China’s Long March Tyres. The IPO was over subscribed by 5.8 times. The Air Link IPO is expected to attract institutional as well as high net worth individuals...