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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
Transaction
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.