SECP, PSX approve listing application of Octopus Digital Limited

MG News | August 06, 2021 at 12:06 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

August 06, 2021 (MLN): The Security and Exchange Commission of Pakistan (SECP) and the Pakistan Stock Exchange (PSX) have approved the listing application of Octopus Digital Limited.

Octopus Digital, a 100% wholly-owned subsidiary of Avanceon Limited, under sections of the Securities Act 2015, has been approved by the SECP and PSX to issue, circulate and publish the Prospectus for Initial Public Offering (IPO) of 27.350 million ordinary shares by Octopus Digital Limited to the institutional investors, high net worth individuals and the general public.

According to the notice issued to PSX, Avanceon Limited has selected BMA Capital as its sole financial consultant/advisor for the planned Initial Public Offering of its wholly-owned subsidiary Octopus Digital (Pvt) Limited. The Octopus Digital IPO will be the first technology IPO in more than seven years.

The Prospectus issuance/Book Building/and Retail IPO dates of Octopus Digital shall be announced subsequently, the notice said.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	177,623.88 478.02M	-0.36% -638.45
ALLSHR	107,472.27 954.45M	-0.34% -365.17
KSE30	53,131.56 115.62M	-0.41% -216.11
KMI30	250,814.93 150.64M	-0.28% -695.43
KMIALLSHR	68,971.49 608.41M	-0.29% -202.37
BKTi	50,769.48 23.80M	-0.58% -295.25
OGTi	34,999.12 6.26M	-0.71% -249.30

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,045.00	64,810.00 62,680.00	-920.00 -1.42%
BRENT CRUDE	83.54	88.06 82.52	-4.82 -5.46%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-0.50 -0.47%
ROTTERDAM COAL MONTHLY	120.00	0.00 0.00	0.25 0.21%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	78.63	82.43 77.78	-3.98 -4.82%
SUGAR #11 WORLD	14.55	14.70 14.50	-0.03 -0.21%