Regulatory Alerts2018-02-06
Added · Updated
Public Offering Regulations 2017
The Securities and Exchange Commission of Pakistan establishes regulations for public offerings by public limited companies, offerors, and associated intermediaries. Issuers must have operated for at least three financial years with a profitable track record for the preceding two years, and a minimum bid size of two million rupees is set for book building. The regulations define specific roles for consultants, book runners, and underwriters, while prohibiting offers from entities with overdues or defaulter status.
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