KARACHI: TRG Pakistan has notified the bourse on Thursday that its indirect subsidiary IBEX Holdings has postponed its initial public offering (IPO) due to volatile market conditions.
It had filed to raise $60 million by offering four million shares at a price range of $14 to $16.
TRG Pakistan Ltd had revealed in February that its indirect subsidiary, IBEX Holdings Limited’s offering could take place on Nasdaq during the first half of 2018. It was to be held on Wednesday, which has now been postponed.
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