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Initial Public Offering Readiness Roundtable Summit Will Be Held On 3rd February, 2012 at Karachi Stock Exchange

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Lahore: South Asian Federation of Exchanges (SAFE) is pleased to announce the holding of the “IPO Readiness Roundtable” for the representatives of the potential IPO companies in Pakistan and some prominent underwriters/financial advisors, on Friday, 3rd February 2012 at 11:30 a.m. at KSE. This roundtable is being hosted by Karachi Stock Exchange-the premier and the most liquid exchange of the country.

The purpose of the roundtable is to discuss and evaluate as to how to fast track the process of listing for such companies who are eager to become listed in the near future. The roundtable is expected to serve as a good platform for the interested companies to open direct discussions with the financial advisors and the management of exchanges so that they can plan their listing pathway clearly and objectively.

The roundtable is a follow up effort to the Pakistan IPO Summit 2011 Edition held in Lahore during October 2011, wherein about three dozen companies had been identified for future Initial Public Offering (IPO) and listing at the domestic exchanges.

The recently announced market support initiatives of the Federal Government may represent an ideal opportunity for such companies whose strategic plans include public fund raising, as these initiatives are likely to boost the market activities and the sentiment of the investors.

Managing Director and Chief Executive Officer of the Lahore Stock Exchange and Secretary General South Asian Federation of Exchanges (SAFE) Aftab Ahmed Chaudhary briefed that the aim of this summit is to serve as a unique platform to build cooperation between the representatives of the companies that are considering public offerings and the investment/financial services industry, by highlighting the benefits and the pathway to manage a successful initial public offering.

The major purpose of the upcoming Pakistan IPO Summit 2012 Edition in April 2012 at Karachi is to highlight how our markets can assist the potential IPO companies to meet their objective of raising funds from the general public for their future growth strategy.

However another purpose of holding the Summit is to underscore the point that besides collecting funds from the market, there can be many other reasons for becoming a public listed company such as; raising the corporate profile/creating further brand recognition, unlocking the wealth of the owners, creating loyal investor/consumer base, getting market valuation for the companies, fulfilling the corporate social responsibility of sharing/distributing wealth in the society through giving out of corporate profits and above all, to finance the companies through an Islamic mode etc.

Secretary General (SAFE) stated about the previous Summit which was held at Lahore in which various panel discussions and presentations were given by the gurus of the financial markets. Summit was well attended by all the big conglomerates of Pakistan.

Some of the prominent presentations included benefits of listing a company, Corporate Governance and post listing compliance, Debt Market Instruments for Capital Markets, and challenges of public listing for family owned businesses.

For more information, contact:
Lahore Stock Exchange (LSE)
19, Khayaban-e-Aiwan-e-Iqbal, P.O. Box: 1315, Lahore-54000, Pakistan
Tel: +9242 636 8000
FAX: +9242 636 484 -85
E-mail Address: info@LahoreStock.com
Web Site: http://www.lse.com.pk

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