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ISLAMABAD, June 23: The Securities and Exchange Commission of Pakistan (SECP) approved the Initial Public Offering (IPO) of LSE SPAC-II. This becomes the second Special Purpose Acquisition Company (SPAC) set for listing on the Pakistan Stock Exchange (PSX). Moreover, it marks the 14th IPO approval in FY 2025–26, reflecting stronger activity in Pakistan’s capital market.
LSE SPAC-II will issue 20 million ordinary shares. These shares represent 95.23% of post-issue paid-up capital. In addition, the company has allocated 18 million shares to pre-IPO investors. It will offer the remaining 2 million shares to retail investors at Rs10 per share.
SPACs raise capital to acquire operating businesses within a defined period. Therefore, their introduction in Pakistan expands financing options and improves investment opportunities. It also supports efforts to diversify capital market instruments.
Meanwhile, the PSX has seen strong IPO momentum during the current fiscal year. As a result, issuer confidence has improved, and more companies are using the market for fundraising and expansion.
Speaking on the development, SECP Chairman Dr. Kabir Ahmed Sidhu said IPO growth reflects rising trust in Pakistan’s capital markets. He added that new listings help companies raise long-term capital. Furthermore, he said SECP aims to simplify investing and expand public participation in wealth creation and economic growth.
