Interloop plans Pakistan’s largest private sector IPO

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By Christie Ou
15 Nov 2018

Interloop, a Pakistan-based sock supplier for sports brands Nike and Adidas, intends to list on the domestic stock exchange, in what would be the country’s largest listing from a private sector company.

The issuer is looking to raise Prp4.9bn ($36.59m), which can be increased to Prp6.9bn if Interloop prices the flotation 40% higher than its planned minimum target, said a source close to the situation.

The deal on the Pakistan Stock Exchange is expected to be completed in January. ...

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