SECP approves IPO of LSE SPAC-II for listing on PSX

The Securities and Exchange Commission of Pakistan has approved the Initial Public Offering of LSE SPAC-II Limited, making it the second Special Purpose Acquisition Company planned for listing on the Pakistan Stock Exchange.

LSE SPAC-II Limited is a subsidiary of LSE Capital Limited. The company said its listing application had already been approved by the PSX.

According to a statement, this is the 14th IPO approved during the financial year 2025-26, reflecting continued activity in Pakistan’s primary capital market.

LSE SPAC-II will offer 20 million ordinary shares, representing 95.23% of its post-issue paid-up capital.

Of the total issue, 18 million shares have been allocated to Pre-IPO investors, while 2 million shares will be offered to retail investors at Rs10 per share.

Special Purpose Acquisition Companies are formed to raise capital from investors for the purpose of identifying and acquiring existing operating businesses within a defined period.

The introduction of SPACs in Pakistan is part of efforts to diversify capital market products, support new financing structures and expand investment options for investors.