Systems Limited today listed its shares on the Karachi Stock Exchange following the gong-striking ceremony led by Mr. Asif Peer, CEO and Managing Director of Systems Limited. This marked the commencement of the trading session.
Systems Limited is now trading under the ticker symbol ‘SYS’.
The ceremony was attended by Mr. Asif Peer, CEO and MD; Mr. Sajid Hamid, SVP, and Ms. Naureen Anwar, VP – Systems Limited. Also present were the officials from KSE including Mr. Nadeem Naqvi, MD; Mr. Haroon Askari, DMD; Mr. Muhammad Ghufran, DGM Company Affairs; and from AKD Securities Limited including Mr. Farid Alam, CEO; Mr. Khurram Shahid, SVP Investment Banking among others.
Speaking at the occasion, Mr. Peer said,
“Today marks the beginning of a new era for Systems Limited. Since December 2014 when the company launched its IPO, the response from investors to the offering has been immense. We are fully committed to contributing towards the development of the IT industry in Pakistan.
Looking ahead, we aspire to position ourselves as a global technology brand that stands at par in delivering sustainable value. As we continue to grow, we look forward to creating value for our shareholders”.
Systems Limited’s book building portion was oversubscribed by 3 times at the upper price band, and the general public portion had also been an equally remarkable success being subscribed by 3.17 times. Mr. Peer concluded his remarks by saying, “We wish to thank all the investors for showing confidence in the company.”