TRG Pakistan’s portfolio company initiates listing process on NASDAQ

By MG News | July 30, 2020 at 10:56 AM GMT+05:00

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July 30, 2020 (MLN): TRG Pakistan Limited has announced that one of its indirect portfolio companies, IBEX Limited, has initiated a listing process on NASDAQ.

According to a notification issued by the company, the valuation range that IBEX is seeking is $20 to $22 per share, implying a pro-rated stake for TRG Pakistan of PKR 20 billion.

The Company’s prospectus can be accessed on the United States Securities and Exchange Commission website at: https://sec.report/Document/ 0001140361-20-016905/.

Given the volatility in the financial markets as well as the current outlook for the global economy, there is no certainty as to the potential success of this listing

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