KARACHI, PAKISTAN: After implementing the PRIDE system, which automated the itemizing course of for debt and fairness issues, Pakistan Stock Exchange (PSX) has gone live with Public PRIDE which is a one-stop solution focused on investors for all information on upcoming public offerings.
Public PRIDE has been developed to maintain the investors and general public conscious of the funding avenues available within the first market.
Public PRIDE concentrates all information relating to upcoming Main Board listings and Publicly Issued Debt listings. It helps investors to know the standing of those itemizing applications and to view their related documentation previous to investing decision.
Public PRIDE is an extension of PRIDE which was soft launched in December 2021 and was fully launched in September 2022. Taking the imaginative and prescient of digitisation forward, Public PRIDE goals to make sure seamless flow of information to the general public through its webpage.
The itemizing course of used to be a manual course of with significant quantity of allied documentation in hard copies involved. Moreover, there was some quantity of duplication concerned within the method of application submitting and approvals for listing. With PRIDE, which stands for Public Offerings Revolutionized through an Integrated & Digitized Experience, the method of itemizing has been fully digitised. PRIDE is a one cease solution facilitating Consultants, Advisors and Lead Managers to electronically submit applications for the itemizing of equity, debt, mutual funds and Exchange Traded Funds (ETFs). Furthermore, it may be utilised to submit applications for Reverse Merger or Voluntary Delisting as well.
Speaking on the Go-Live of Public PRIDE, the MD & CEO PSX, Farrukh H. Khan, stated, “After efficiently implementing PRIDE, which has been well received by consultants, advisors and issuers, we’re excited to launch Public PRIDE, which will meet the wants of investors and supply details about upcoming debt and fairness points to the entire market in a clear manner.
“The general public, together with investors, can keep abreast with the standing of itemizing of Main Board companies in addition to Publicly Issued Debt on PSX. This information will improve and increase the expertise for investors and help them in funding decisions within the first market,” Farrukh H. Khan added.