IBEX Holdings Limited delays IPO amidst volatile US Markets

MG News | March 29, 2018 at 04:30 PM GMT+05:00

0:00

TRG Pakistan Limited, today announced that its indirect subsidiary IBEX Holding Limited has decided to postpone its initial public offering at NASDAQ due to market volatility.

US Equities markets yesterday closed the second consecutive day in red after a technology sell-off initiated by fearful investors who reacted to announcement from US Authorities that they were looking to crackdown on Chinese investments in the tech sector.

The news sparked a sell-off in equities - especially tech stocks - dragging down the Asian and European markets in turn.

IBEX Global as described on the NASDAQ website, is a leading end-to-end provider of technology-enabled customer lifecycle experience (“CLX”) solutions.

The company is headquartered in Pennsylvania, Washington. Mr. Mohammed Khaishgai is the current Chief Executive Officer of the company.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	152,740.38 147.44M	-1.01% -1551.88
ALLSHR	91,858.47 324.25M	-0.86% -800.10
KSE30	46,223.61 86.89M	-1.45% -681.25
KMI30	219,130.92 66.08M	-1.15% -2553.50
KMIALLSHR	59,625.28 139.61M	-0.93% -562.17
BKTi	42,104.46 39.09M	-2.02% -866.56
OGTi	32,077.87 10.13M	-1.27% -414.19

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	70,155.00	71,480.00 69,440.00	-205.00 -0.29%
BRENT CRUDE	109.55	113.11 105.05	0.90 0.83%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-12.60 -11.25%
ROTTERDAM COAL MONTHLY	123.30	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	98.09	98.75 92.47	2.54 2.66%
SUGAR #11 WORLD	15.63	15.72 15.27	0.26 1.69%