The Securities and Exchange Commission of Pakistan (SECP) has approved the Initial Public Offering (IPO) for the listing of the Lahore Stock Exchange’s (LSE) second Special Purpose Acquisition Company (SPAC) on the Pakistan Stock Exchange, marking a historic year for IPO approvals.
According to the official statement issued today, with this development, the number of approved IPOs in the fiscal year 2025-26 has reached 14, which is the highest for any fiscal year for the Pakistan Stock Exchange. LSE’s SPAC Two is set to issue 20 million shares, which will constitute 95.23% of its subsequent issued paid-up capital. Out of these, 18 million shares are reserved for institutional investors through the pre-IPO process, while the remaining 2 million shares are available to retail investors at 10 rupees per share.
SPACs, designed to raise funds from the public for acquiring active businesses within a limited timeframe, represent a significant advancement in diversifying financial products in Pakistan’s capital market and promoting a modern investment framework.
Dr. Kabir Ahmed Sidhu, Chairman of SECP, noted that the increase in IPOs reflects the growing confidence of businesses in the country’s capital market. He emphasized that new listings provide companies with long-term capital and open new investment opportunities for stakeholders. SECP is actively working to simplify and make the investment process accessible, aiming to enable more Pakistanis to participate in the stock market, thus promoting economic growth and wealth creation.