Record IPO Wave to Swell Significantly, Pakistan Bourse CEO Says
- Sovereign bonds to be tradeable on the exchange by year-end
- Looking to offer new products including possibly index-trading
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Pakistan’s record run of initial public offerings is expected to gather pace in coming months as more companies rush to raise funds amid the economic recovery, according to the head of the nation’s stock market.
Seven companies raised an unprecedented 17 billion rupees ($100 million) in the financial year ended June, according to data compiled by Bloomberg. The total for the current year will be “significantly higher,” said Farrukh Khan, chief executive officer at the Pakistan Stock Exchange Ltd., while declining to offer projections.