Air Link unit Select Technologies plans IPO

Air Link Communication Limited, a Pakistani technology firm, said on Friday that its wholly owned subsidiary, Select Technologies Limited, intends to launch an Initial Public Offering (IPO) and seek listing on the Pakistan Stock Exchange (PSX). The technology firm shared the development in a notice to the Pakistan Stock Exchange (PSX) on Friday. “The Board of Directors of Air Link Communication Limited is pleased to announce that its wholly owned subsidiary, Select Technologies Limited, has decided to raise capital through an IPO and to seek listing of its securities on the PSX,” read the notice.