One of Pakistan’s largest IT company by revenue, Inbox Business Technologies Limited is seeking to raise Rs1.5b in an initial public offering (IPO) on the Pakistan Stock Exchange in June. According to a report by Bloomberg, the company plans to divest a 39pc stake of its company in the scheduled IPO as per their CEO Mir Nasir. Nasir said the company intends to double its revenues in five years to $100m.
Inbox initiated its operations in 2001 as an assembler of desktop PC’s and laptops before becoming the premier provider of digital services to businesses in Pakistan whose mission is “Providing Agility for the Digital Age”.
CEO Mir Nasir while talking to Bloomberg said that the government is among its largest customers and which helps them in generating 80pc of their total revenue. He also added that Inbox manages the governments urban transport projects in Rawalpindi and Lahore.
