Sitara Petroleum Services Ltd. is preparing to enter the stock market next month, as strong investor appetite lifts new listings, reported Bloomberg.
The company plans to raise up to Rs. 3.2 billion through an initial public offering to expand its fuel stations, transport fleet and storage capacity.
The transaction would rank as Pakistan’s second-largest IPO in the past four years, based on data compiled by Bloomberg. Bankers say the renewed interest in listings is being driven by a sharp rally in equities and rising retail participation.
Full story Sitara Petroleum Plans Rs. 3.2 Billion IPO
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