Business · 2h ago
Select Technologies IPO Oversubscribed 3.2x in Strong Market Debut
Select Technologies' book-building IPO was oversubscribed 3.2 times, indicating strong investor demand. The company, a Pakistani tech firm, raised capital through the public offering. The oversubscription reflects confidence in the local tech sector.
Meridian48 take
The oversubscription is a positive signal for Pakistan's tech ecosystem, but the company's long-term performance will depend on execution beyond the IPO hype.
ipopakistan-tech