KARACHI: The Pakistan Stock Exchange (PSX) on Monday held a gong ceremony to mark the listing of Panther Tyres Ltd. The successful initial public offering of Panther Tyres Ltd was this fiscal year’s fifth listing on the stock exchange in FY21. I congratulate Panther Tyres for their successful book building which attracted a large number of institutional investors and high net worth individuals leading to effective price discovery. “Panther Tyres is an important part of the industrial landscape of Pakistan; a landscape which PSX is focusing on to augment and enhance in order to strengthen the country’s economy. The immense oversubscription received in both book building and general public portion reflects investors’ confidence in our business for which we are really grateful.

Source: Pakistan Today February 22, 2021 12:48 UTC