NBP sponsore Pakistan IPO Summit – 2013 in Lahore

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enewspaper.com.pk
enewspaper.com.pk

Karachi (PR): National Bank of Pakistan has sponsored Pakistan IPO Summit – 2013, which is being organized by M/s South Asian Federation of Exchanges on April 29, 2013 at PC Hotel, Lahore. The main objective of the summit is to highlight how our markets can assist the potential IPO companies to meet their objectives of raising funds from the general public through capital markets for their future growth strategy, enhancing their brand’s reputation through listing and to enhance their understanding about the steps involved in bringing their companies to the market. It will further help participants to sharpen their knowledge about the pathways of managing a successful IPO and give them complete understanding of all fundamental IPO issues (pre-IPO placements, road-shows, marketing, public listing rules, regulations, capital control issues, post-listing compliance, disclosures, and communication with potential stakeholders) & challenges besides highlighting the role that our capital market institutions can play in support of a successful IPO. Arguably participants will be able to comprehend the difficult issues of underwriting and financial advisory services. The summit will be a meeting place for all the potential IPO companies, financial advisors, underwriters, valuators, corporate governance experts, exchanges and regulators.

In a message for the Pakistan IPO Summit – 2013, Dr. Asif A. Brohi, President NBP said that the Pakistan equity market witnessed a period of dampened activity following its re-categorization from emerging to frontier markets category in the aftermath of the global financial crises of 2008. However, since then, the equity market has come back strongly, returning a cumulative 286% from its low in early 2009 and was the best performing market in the Asia Pacific 2012 with a rupee based and dollar based return of 49% and 41% respectively. The market also gained 10% in CY13 with KSE 100 Index touching a new height of 18764. Importantly, this robust performance compared to regional peers has been on the back of excellent corporate results.

Dr. Brohi further said that the IPO summit-2013 will also provide a valuable learning and networking experience for all the participants of Capital Markets. National Bank of Pakistan remains committed to play its part in strengthening and growing the capital markets of Pakistan.