LSE Capital files IPO application for SPAC-III listing

LSE Capital has submitted the IPO application and draft prospectus for the listing of LSE SPAC-III on the Pakistan Stock Exchange (PSX).
 
The special purpose acquisition company (SPAC) aims to raise PKR 500 million, comprising PKR 400 million from pre-IPO investors, including seed funding from LSE Capital, and PKR 100 million through a public offering.
 
According to the company, the proceeds will be used to acquire one or more potential target companies in accordance with the Public Offering Regulations, 2017, following the successful completion of the IPO.
 
The proposed listing follows the successful public offerings of SPAC-I and SPAC-II, further expanding LSE Capital's SPAC investment platform.

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