TRG Pakistan Ltd has revealed that its indirect subsidiary, IBEX Holdings Limited, has filed a registration statement prospectus with United States Securities and Exchange Commission for an initial public offering (IPO).
If the company decides to proceed with the listing, the offering could occur on NASDAQ during the first-half of 2018.
Also, the number of shares to be offered and price range for the proposed offering are yet to be determined, read the notification.
According to NASDAQ, IBEX holdings is gunning for a $75 million IPO.
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IBEX Holdings was incepted in 2017 and is based in Hamilton, Bermuda. It recorded $337 million in sales for the 12 months that ended on September 30, 2017, as per NASDAQ website. Â No pricing terms were disclosed.
TRG Pakistan Limited provides business process outsourcing solutions and services in Pakistan. The company manages and maintains telephone answering services, call centers, and information technology related services in Pakistan.
At the time of filing this report, TRG Pakistan’s shares were trading at Rs 37.08, up Rs 1.50 or +4.22% with a turnover of 5.51 million shares.
