Category: Tech

Airlink Communication raises $38.5 million in largest private IPO in Pakistan’s history

Lahore-based Airlink Communication raised around $39 million in an initial public offering (IPO) on Tuesday at the Pakistan Stock Exchange (PSX). The offering was the largest private sector IPO in the history of Pakistan. Airlink received bids for 147.64 million shares against 90 million shares offered in a two-day book building. PSX details show that the strike price was Rs71.5 against the offered Rs65 per share.