Many businesses, however, have found the challenging times as an opportunity to thrive where digital solutions are the key to success. In this backdrop, Octopus Digital - a software development and IT solutions firm - has found the changing business environment as an opportunity to capitalise on and has planned to raise Rs1.5 billion through an offer of shares to retail investors at the Pakistan Stock Exchange (PSX). “This will be the first IPO by a tech firm after a gap of five years,” he said, adding that Systems Limited was the last tech firm listed at the Pakistan bourse. The parent company provides digitalisation and automation solutions to businesses while the subsidiary provides maintenance for the tech solutions at business houses, Hashmi said. The subsidiary firm was established around two years ago.

Source: The Express Tribune October 06, 2020 03:22 UTC