Mobile Distributor Plans Pakistan’s Biggest Private Sector IPO
- Air Link plans to raise 5.85 billion rupees this month
- Bookbuilding process is scheduled for Aug. 30 and 31
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Air Link Communication Ltd. plans to raise at least 5.85 billion rupees ($36 million) through an initial public offering this month, which would be the largest from a non-state firm in Pakistan.
The Lahore-based company plans to sell new and existing shares at a price between 65-91 rupees each, Chief Executive Officer Muzzaffar Hayat Piracha said in a reply to queries Friday. It will take investor orders on Aug. 30 and 31 and then price the offering.