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Inbox Tech Plans IPO as Pakistan Moves on From Manual Paperwork

  • Firm to raise 1.5 billion rupees in listing selling 39% stake
  • Dell separates Pakistan from South Asia Group for more focus

Inbox Business Technologies Ltd. plans to raise about 1.5 billion rupees ($14 million) in an initial public offering as Pakistan’s largest IT company by domestic revenue seeks to take advantage of a shift away from manual paperwork.

The company plans to sell a 39 percent stake in the IPO scheduled for June, Chief Executive Officer Mir Nasir said in an interview in Karachi. He is targeting a doubling of revenue to $100 million in five years.