IBEX Holdings Limited delays IPO amidst volatile US Markets

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

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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.

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