Investment Banking

Success Stories / Selected Case studies

World Call Pay Phones – Re-Opening of the IPO Market after Three Years
Deal Type
Pre-IPO Placement and IPO of PkR337.5 million
Industry / Sector
Telecom Sector
AKD Securities acted as financial advisor and lead underwriter to World Call Pay Phones
Notable Aspect
AKDS reopened the IPO market in Pakistan in March 2000 after a 3 year gap
AKD Value Add
WorldCALL's PkR463 million payphone project required funding

When other firms were unsure if the capital markets were ready, AKDS identified this as a telecom deregulation play and applied its underwriting strengths and placement abilities to the transaction

AKDS invested PkR45 million of its own capital in the Pre-IPO, and placed an additional PkR158 million with other investors

AKDS also fully underwrote the PkR143 million IPO.