PSX invites public comments on LSE SPAC-II listing

June 02, 2026 (MLN): The Pakistan Stock Exchange (PSX) has placed the draft prospectus of LSE SPAC-II Limited on its website to seek feedback from the general public.

This public consultation comes as the company applies for an official listing on the Main Board of the exchange.

The upcoming Initial Public Offering (IPO) comprises 2,000,000 Ordinary Shares offered at a par value and Fixed Price of Rs10/- per share.

LSE Capital Limited and KTrade Securities Limited are managing the process as the Joint Consultants to the Issue.

As a Special Purpose Acquisition Company (SPAC), the company's sole business line is to raise funds to acquire or merge with a target business within a permitted timeframe.

The capital raised from this IPO will be used to fund the share acquisition of a target company, which will ultimately transition the IPO investors into shareholders of the newly merged listed entity.

The capital raised through this public offering serves as the essential financial engine required to execute this strategy, with ninety percent of the funds strictly reserved in a regulated escrow account to finance the upcoming acquisition.

The remaining ten percent will be utilized to cover operational expenses, regulatory fees, and costs associated with identifying a viable, growth-oriented commercial business.

This specialized listing structure offers a unique alternative route for capital formation in Pakistan's evolving equity market.

It provides public investors with a secure entry point backed by ring-fenced cash assets, while simultaneously establishing an efficient mechanism for private enterprises to access immediate expansion capital and secure a public listing.

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