Tasdeeq set for Pakistan Stock Exchange debut

Published
0
A stock broker looks at share prices on a digital board during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on April 1, 2026. — AFP
A stock broker looks at share prices on a digital board during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on April 1, 2026. — AFP

KARACHI: Tasdeeq, one of Pakistan’s leading credit information and analytics companies, regulated by the State Bank of Pakistan (SBP), is set to launch an initial public offering (IPO) on the Pakistan Stock Exchange (PSX), becoming the first credit bureau in South Asia to be publicly listed, according to a press release issued by Topline Securities on Wednesday.

Topline Securities, the consultant and adviser to the issue, views the offering as a milestone for Pakistan’s capital market, providing investors with access to a unique data-driven business operating in an oligopolistic market with high barriers to entry and strong regulatory support.

Tasdeeq benefits from mandatory Credit Information Bureau (CIB) requirements for financial institutions, a large proprietary database, and an expanding suite of analytics. The company is governed by a strong board that meets the SBP’s Fit and Proper criteria and is led by an experienced management team.

The offering carries strong third-party validation of its pricing: pre-IPO investors have already committed to subscribe at a premium of approximately 24 per cent to the floor price, underscoring institutional confidence in the company’s valuation and growth outlook.

Published in Dawn, June 25th, 2026

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Fixing bond markets
Updated 01 Oct, 2026

Fixing bond markets

Pension funds, insurance companies, mutual funds, retail investors, and eventually, foreign investors must become bigger participants in the market.
Call centre rackets
01 Oct, 2026

Call centre rackets

A NUMBER of recent raids conducted by the authorities in different cities point to the growing threat fraudulent ...
Homeward bound
01 Oct, 2026

Homeward bound

FIVE months after Somali pirates captured an oil tanker carrying a 19-member multinational crew, Somali maritime...
Kashmir unresolved
Updated 30 Sep, 2026

Kashmir unresolved

The just solution lies in India addressing the issue through a trilateral dialogue involving the legitimate representatives of the Kashmiri people and Pakistan.
Water shortage
30 Sep, 2026

Water shortage

THAT the country is entering the Rabi season with an anticipated water shortage of nearly 25pc, the lowest carryover...
Young hearts
30 Sep, 2026

Young hearts

THE observance may have passed, but the message of World Heart Day should not fade with it. The occasion is a useful...