LSE SPAC-III applies for listing on PSX Main Board

Mettis Global reported that LSE SPAC-III Limited has sought admission to the PSX Main Board, following the posting of its draft prospectus on the exchange website. The company intends to raise capital by offering 10 million ordinary shares through an initial public offering, each with a face value of Rs10 and sold at a fixed Rs10 apiece. Two firms, LSE Capital Limited and KTrade Securities Limited, are acting as joint consultants on the issue.

Under Clause 3A(2) of the Public Offering Regulations, 2017, the draft has been made available for public feedback under a notice headed as public comments on the company's draft prospectus. Readers can now view the draft prospectus on the exchange website and submit comments. The information reached the exchange through a formal notification.