TRG Pakistan’s indirect portfolio company IBEX to begin Trading on NASDAQ today

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TRG Pakistan Limited would like to report that its indirect portfolio company, IBEX Limited, has announced the pricing of its initial public offering of 3,571,429 primary and 1,190,476 secondary common shares at a price of $19 per share. The underwriters have been granted a 30-day option to purchase up to an additional 714,285 secondary shares at the initial public offering price less underwriting discounts and commissions.

The shares are expected to begin trading on the Nasdaq Global Market on August 7, 2020, under the ticker symbol “IBEX,” and the offering is expected to close on August 11, 2020, subject to customary closing conditions.

TRG Pakistan’s pro-rated stake in IBEX, at the time of pricing, is approximately PKR 18 billion.”