Pakistan's AdalFi plans PSX IPO next month: report

Pakistani digital lender AdalFi is preparing to launch an initial public offering next month, with proceeds intended to support the expansion of its Islamic and small-business lending services. Business Recorder, citing Bloomberg, reported that the company expects to raise up to Rs652 million by issuing new shares on the Pakistan Stock Exchange.

AdalFi uses banks’ transaction data and its own technology to assess borrowers, identify potential customers and facilitate digital loans. The company previously secured $7.5 million in funding in February 2023, according to the report. Its planned listing comes amid a stronger PSX IPO market in 2026, which has also featured offerings or listing plans from Service Long March Tyres, Ghani Dairies and Select Technologies.