Business & Finance
Pakistan’s Fintech Abhi Plans Microfinance Bank IPO This Month
Key Points
Pakistan’s Fintech Abhi Plans Microfinance Bank IPO This Month Pakistan’s fintech group Abhi is preparing to launch an initial public offering of its microlender this month, according to its founder, as it seeks to capitalize on the nation’s busiest year for listings. Abhi Microfinance Bank Ltd. plans to offer about 14% in new shares to raise between 2 billion rupees and 3 billion rupees ($11 million), Omair Ansari, sponsor and director at the lender, said in an interview. It held a roadshow...
Pakistan’s Fintech Abhi Plans Microfinance Bank IPO This Month
Pakistan’s fintech group Abhi is preparing to launch an initial public offering of its microlender this month, according to its founder, as it seeks to capitalize on the nation’s busiest year for listings.
Abhi Microfinance Bank Ltd. plans to offer about 14% in new shares to raise between 2 billion rupees and 3 billion rupees ($11 million), Omair Ansari, sponsor and director at the lender, said in an interview. It held a roadshow in London and targets investors from Pakistan, and other frontier and emerging markets.