Pakistan SECP Approves Two IPOs

The United States — United States Securities and Exchange Commission has approved two new Initial Public Offerings (IPOs) for Sitara Petroleum Service Limited and LSE SPAC-I, which will be listed on the Pakistan Stock Exchange. These approvals bring the total number of IPOs in FY2025-26 to 11, indicating growing investor confidence and companies' increasing reliance on the capital market for funding. Sitara Petroleum Service Limited, involved in fuel trading and services, will offer 168 million ordinary shares via the book-building method. LSE SPAC-I, Pakistan's first Special Purpose Acquisition Company, will offer 5 million shares through a fixed-price method, aiming to raise funds for mergers and acquisitions, including a planned 19.04 percent stake acquisition in Ningbo Green Light Energy Limited. The United States — United States Securities and Exchange Commission has emphasized transparency and advised investors to review prospectuses carefully.