Islamabad (HRNW)- Investor confidence in Pakistan’s capital market has received another boost as the Securities and Exchange Commission of Pakistan (SECP) approved the public offering of LSE SPAC-II on the Pakistan Stock Exchange (PSX).
According to the SECP, this is the fourteenth Initial Public Offering (IPO) approved during the financial year 2025-26, reflecting growing activity and confidence in the country’s financial markets.
Under the approved public offering, a total of 20 million shares of LSE SPAC-II will be offered. Of these, 18 million shares have been allocated to institutional investors, while 2 million shares will be available for retail investors.
The SECP stated that retail investors will be able to subscribe to the offering at a price of Rs10 per share, providing wider participation opportunities in Pakistan’s evolving capital market.
According to the commission, the funds raised through LSE SPAC-II will be used for the future acquisition or merger of suitable companies. A Special Purpose Acquisition Company (SPAC) is a corporate structure that raises capital from investors to acquire or merge with existing businesses.
The SECP noted that recent regulatory reforms have increased activity in the IPO market and opened new avenues for investors. The commission believes that the LSE SPAC-II offering will not only expand investment opportunities but also contribute to increasing the depth, liquidity, and overall development of Pakistan’s capital market.
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