LSE SPAC-I Limited, Pakistan’s first Special Purpose Acquisition Company (SPAC), is set to begin trading on the Pakistan Stock Exchange (PSX), marking a significant development in the country’s capital markets. The listing introduces a new investment structure aimed at facilitating mergers, acquisitions and corporate growth opportunities.
Read More: ROWA Expands Global Footprint with Pakistan Launch, Targets Affordable Premium Segment
The company was incorporated in March 2025 and plans to raise capital through an initial public offering (IPO) for the purpose of acquiring or merging with an existing business entity. The SPAC model allows investors to participate in future acquisition-driven growth opportunities without knowing the final target company at the time of listing.
According to market disclosures, the total issue size stands at Rs250 million, comprising 25 million ordinary shares with a face value of Rs10 each. Of the total offering, 80 percent was allocated to pre-IPO investors, while the remaining shares were offered to the public through subscription.
The Securities and Exchange Commission of Pakistan (SECP) and PSX have approved the listing application and prospectus, reflecting growing confidence in Pakistan’s evolving financial ecosystem and alternative investment instruments.
LSE SPAC-I aims to pursue strategic acquisitions, including plans related to Ningbo Green Light Energy Limited, positioning itself within the broader investment and clean energy landscape.
The listing is being viewed as a milestone for Pakistan’s equity market, as SPAC structures are widely used in global financial markets to support innovative financing and business expansion strategies. Market participants believe the development could pave the way for similar listings in the future and deepen investor participation in the capital market.
